By Ian Bickis THE CANADIAN PRESS TORONTO- Canadian bank CEOs say high interest rates are delaying business andconsumer spending decisions and will likely lead to more provisions for bad loans this year, but that borrowers overall should manage well. RBC chief executive Dave McKay, speaking at the RBC Capital Markets Canadian Bank CEO Conference on Tuesday, said he expects to see credit loss provisions peak this year as parts of the commercial lending side remain strained. Borrowers on the mortgage side are having to adapt to payment increases of roughly 20 per cent, or $400 per month on average, for its clients renewing this year, but higher wages along with savings are helping to soften the impact, said McKay. “Our experience in 2023 as an industry, and at RBC, is…
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