Tariffs Impact Banks' Earnings

This is a U.S. news story, published by financialpost, that relates primarily to Donald Trump news.

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tariff risk

financialpost

•

Business

Business & Economics

Economic decline due to tariffs weigh on Big 6 banks as they get set to report earnings

Summary

Nutrition label

81% Informative

U.S. President Donald Trump ’s proposed tariffs on Canadian goods have led to a cloudy outlook, analysts say.

Rising provisions for credit losses (PCLs) have negatively impacted the Big Six in recent years as borrowers found it difficult to pay back loans.

The outlook for 2025 and beyond is “quite binary” based on whether the Trump administration will impose tariffs.

Scotiabank 's North American corridor strategy announced in 2023 focuses on growing in Mexico and building closer ties to companies doing business across Canada , the U.S. and Mexico .

Toronto-Dominion Bank will be another lender analysts will be putting under the microscope as it undergoes a strategic review after being sanctioned for failing to prevent money laundering at its branches across the border.

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Informative language

Neutral language

Article tone

informal

Language

English

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not offensive

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not hateful