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Farm Belt Banks Tighten the Buckle
Farm Belt Banks Tighten the Buckle
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Most Canadian Banks Post Stronger-Than-Expected Profits

Effects of lower oil prices on the Canadian economy have yet to fully manifest, analysts say

By

Soured energy loans are piling up at Canada’s biggest banks, but most lenders still posted stronger-than-expected profits for the fiscal second quarter.

Royal Bank of Canada, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce trumped analyst forecasts for the February-to-April quarter, while Bank of Montreal’s profit fell shy of views. Bank of Nova Scotia will close out the industry’s earnings season next week.

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