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Banks head into Q4 with investors looking for better days ahead

  • The majority of Canada’s big banks are entering the fourth quarter with improved outlooks as mortgage default and recession fears lessen.
  • The S&P TSX bank index has increased by about 12 percent since last quarter, including gains of 19 percent for Scotiabank and 17 percent for CIBC.
  • Investors are now more focused on banks' future outlooks rather than Q4 earnings reports, despite ongoing concerns related to credit risks.
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BusinessBusiness
Bank of CanadaBank of Canada
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RecessionRecession
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CanadaCanada
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