1. 2023 U.S. Lev Loan Default Forecast Raised to 2.0%–3.0%; 2024 Projected at 3.0%–4.0%. https://www.fitchratings.com/site/pr/10213716
2. Canada’s biggest banks set aside \$2.5 billion to cover an expected wave of loan defaults. https://www.thestar.com/business/2023/03/03/canadas-big-six-banks-set-aside-25-billion-as-they-prepare-for-credit-losses.html
3. CIBC - Annual Report 2022. https://www.cibc.com/content/dam/cibc-public-assets/about-cibc/investor-relations/pdfs/quarterly-results/2022/ar-22-en.pdf
4. Metrics to Evaluate your Machine Learning Algorithm. https://towardsdatascience.com/metrics-to-evaluate-your-machine-learning-algorithm-f10ba6e38234
5. Royal Bank of Canada - Annual Report 2022. https://www.rbc.com/investor-relations/_assets-custom/pdf/ar_2022_e.pdf