To continue reading this article, you must be a Globe Unlimited subscriber.
Don't stop here.
Go Unlimited.
STREETWISE access is exclusively available to Globe Unlimited subscribers
Streetwise gives you the full scoop on business deals and Canada’s finance and capital market sectors. Through daily updates, our dedicated team of award-winning Globe and Mail journalists set the agenda and ensure you get exclusive and must-have business intelligence and analysis every day.
The most informed Globe and Mail readers access Streetwise every day. Why don't you?
A Globe Unlimited subscription also gives you:
Full access to all our award-winning news articles and exclusive features
High resolution photo galleries and interactive videos
Access and availability on all devices and platforms
Globe Dashboard – a new tool that lets you follow topics that interest you
Subscribe to Globe Unlimited now for full access to Streetwise!
Smaller regional banks such as Canadian Western Bank and Laurentian Bank of Canada also posted solid results. (TODD KOROL/REUTERS)
The banking industry’s ‘calm before the storm’
TIM KILADZE
— The Globe and Mail
Published
Last updated
For more than a year, the analysts who cover Canadian banks have predicted an earnings slowdown. Household credit is sky high, families can’t take on much more debt, and the spreads that the banks earn from lending money over rock-bottom interest rates fell fast.
But the slowdown never came. And so far this quarter, the banks keep pulling rabbits out of their hats.
