Bay Street Edition

Canada’s Biggest Banks Are on the Hunt for Higher Returns

Also: SCOTUS rules against (some of) Trump’s tariffs

Canada’s big banks report fiscal first-quarter earnings next week, with investors focused on return on equity.Photographer: Laura Proctor/Bloomberg

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By Christine Dobby

February 20, 2026 at 5:12 PM UTC

Welcome 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 bank earnings, 2025’s private equity party and the US Supreme Court ruling on Trump’s tariffs. Plus: how to invest in Gen Alpha.