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Tariff threats putting chill on business activity but not yet on earnings: banks

The National Bank of Canada acknowledges heightened uncertainty due to potential tariffs but maintains its earnings expectations and forecasts mid-single digit growth in earnings per share.
Chief Executive Laurent Ferreira emphasized the need for economic reforms, including a non-partisan head of deregulation and better Canadian procurement.
Scotiabank and BMO noted that the tariff threat is creating a chill on borrowing and business activity, impacting investment plans and client confidence.
BMO reported a first-quarter profit increase to $2.14 billion, while Scotiabank experienced a decline to $993 million due to charges from a business sale.

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Financial Post

Canada's Big Six banks fail to override 'sticky' tariff fears despite decent first quarter results

Analysts fixate on whether Canada's biggest financial institutions have prepared enough to weather possible tariff onslaught.

4 days ago·Canada

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Inquirer

BSP likely not yet finished with RRR cuts

MANILA, Philippines — There’s a chance that the Bangko Sentral ng Pilipinas (BSP) is not yet done with its cuts to bank reserves, Security Bank Corp. said, adding that monetary authorities might eventually remove the cash requirement to reduce friction costs. Speaking to reporters, Angelo Taningco, chief economist at Security Bank, said the BSP might

5 days ago·Manila, Philippines

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The Globe & Mail

Big Six bank earnings beat expectations, but executives warn of tariff risks

RBC, TD and CIBC posted first-quarter profits Thursday, closing out earnings season for Canada’s biggest banks. Profits jumped, but CEOs warned that U.S. tariffs would dampen business activity

5 days ago·Canada

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CBC News

The Quebec government is promising to help businesses affected by tariffs. Can it afford to?

Economists and experts say Quebec is in an unfavourable financial position at an inopportune moment. As the province weighs potentially costly measures to counteract tariff impacts, they warn that any relief measures would have to be extremely targeted or risk putting the province’s books into an even more dire state.

5 days ago·Canada

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Flin Flon Reminder

+3 Reposted by 3 other sources

National Bank sticking with guidance despite tariff threat

National Bank of Canada says it sees heightened uncertainty from potential tariffs but isn't yet adjusting its earnings expectations because of the threat.

6 days ago·Flin Flon, Canada

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