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. Banks are raising bad debt provisions as they take a worsening macroeconomic outlook into account in their assumptions about future loan-loss levels at a time when household debt in Canada is near a record high.

source https://finance.yahoo.com/news/wrapup-1-canadian-banks-brace-200742431.html?.tsrc=rss