Uncertainty over interest rates is buying Canada’s banks even more breathing room this earnings season.
For nearly two years, the big question mark for Canadian lenders has been over their prospects for loan growth. Every quarter, investors and analysts raise concerns that the good times are coming to an end. This time, the worries aren’t as widespread. Deflation concerns have persuaded the Bank of Canada to stand pat on rate hikes, helping to send bond yields lower.Report Typo/Error
- Bank of Nova Scotia$80.35-1.33(-1.63%)
- Bank of Nova Scotia$61.29-0.97(-1.56%)
- Royal Bank of Canada$96.61-1.65(-1.68%)
- Royal Bank of Canada$73.77-1.11(-1.48%)
- Bank of Montreal$99.98-1.72(-1.69%)
- Bank of Montreal$76.40-1.13(-1.46%)
- Canadian Imperial Bank of Commerce$118.52-0.88(-0.74%)
- Canadian Imperial Bank of Commerce$90.43-0.67(-0.74%)
- Toronto-Dominion Bank$69.26-0.93(-1.32%)
- Toronto-Dominion Bank$52.84-0.70(-1.31%)
- National Bank of Canada$57.83-0.87(-1.48%)
- Updated February 24 4:02 PM EST. Delayed by at least 15 minutes.