Reported 2 days ago
In the second quarter of 2025, Canada's major banks are expected to bolster their loan loss reserves by over C$1 billion in response to trade uncertainties, particularly due to tariff policies from the U.S. government. Analysts predict that while Bank of Montreal and TD Bank will see declines in profits, the other four major banks will experience an average earnings growth of 7.9%. Concerns about the economic outlook have led to significant increases in provisions for credit losses, with estimates ranging from 14.5% to 79% growth for the big six banks.
Source: YAHOO