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Canadian Western Bank

09:55 AM EST - Canadian Western Bank : Today announced updated expectations for its second-quarter fiscal 2016 provision for credit losses. In view of the weak oil price environment and borrowing base re-determinations that reflect current information, CWB has recorded approximately $33 million of second quarter provisions for credit losses on the oil and gas production portfolio. CWB now expects the consolidated second quarter provision for credit losses to be approximately $40 million. Canadian Western Bank shares T.CWB are trading down $2.48 at $24.97.