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Canada’s Big Six bank earnings for Q1 show caution amid trade uncertainty

Article by Lauren Ashcraft  |  Feb 27, 2025
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Canada’s Big Six bank earnings for Q1 show caution amid trade uncertainty
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Banking
Canada

The news: Canada’s biggest banks are bracing for uncertainty amid moderate Q1 earnings.

All six beat earnings estimates, and the group faced common themes such as:

Uncertainty over trade wars: President Donald Trump’s broad tariff proposals have prompted anxiety among Canada’s banking customers. All banks except for CIBC increased loan loss provisions—and each set significant sums aside to prepare for future volatility, per Wealth Professional, Investing.com, Canadian Mortgage Professional, and Nasdaq.

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