Tag Archive: Canada’s Big Six banks brace for shift

After a record run of profits, Canada’s Big Six banks brace for shift

After a record run of profits, Canada’s Big Six banks brace for shift Canadian banks’ record run of profits is finally showing signs of cooling as the number of high growth businesses dwindles, prompting the country’s largest lenders to prepare for a much more challenging year ahead. The Big Six banks report their fourth-quarter earnings this week, starting with Bank of Montreal on Tuesday. Expectations for profits are encouraging, driven by capital markets activity that should cap off a phenomenal year. But the focus has already shifted to what lies in the near future, where revenue growth will be tougher… View Article