Big banks poised to report strong profits as they buck economic uncertainty
Big banks poised to report strong profits as they buck economic uncertainty
www.theglobeandmail.com
Big banks poised to report strong profits as they buck economic uncertainty
Analysts expect capital markets and wealth management activity to continue to bolster profits
Archive: [ https://archive.ph/313FV ]
The lenders have benefited from “a positive halo effect” from a “resource-rich economy, pro-business Carney government,” Bank of America analyst Ebrahim H. Poonawala said in a note. Those factors encouraged investors to look past Canada’s challenged job and housing markets, as well as uncertainty over the coming renegotiation of the United States-Mexico-Canada Agreement, he added.