Canada’s Banks Are Prospering Even In the Fog of Trade War
Also: How TD rewarded some rank-and-file employees last year
A good week for Bank of Montreal CEO Darryl White. After a series of misses on the credit front, the lender’s provisions for loan losses came in lower than analyst forecasts in the fiscal first quarter.
Photographer: Christinne Muschi/BloombergWelcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics.
I’m Christine Dobby , Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about Canadian bank earnings, the vibes on the analyst calls and how the California wildfires are affecting RBC. Plus: the cost of an international move.