TD Bank Group , the country’s No. 2 lender by market value and the last of Canada’s top six banks to report quarterly profits on Thursday, slightly missed analysts’ expectations. The latest earnings season for Canadian banks saw higher loan loss provisions, subdued margin growth and capital markets weakness offsetting retail and wealth management strength, with three of the top six banks missing market expectations for profit growth. “The last few years have been an absolutely Goldilocks environment for credit for the banks,” as low interest rates and unemployment eased consumer burdens while robust profits helped commercial loan books, said Brian Madden, portfolio manager at Goodreid Investment Counsel.

source https://ca.finance.yahoo.com/news/canadian-banks-brace-tougher-times-201415741.html?.tsrc=rss