Big banks poised to report strong profits as they buck economic uncertainty

submitted by NightOwl to canada 20 points | 3 comments https://www.theglobeandmail.com/business/article-canada-big-six-banks-report-strong-profits/ Archive: [ archive.ph/313FV ] > The lenders have benefited from “a positive halo effect” from a “resource-rich economy, pro-business Carney government,” Bank of America analyst Ebrahim H. Poonawala said in a note. Those factors encouraged investors to look past Canada’s challenged job and housing markets, as well as uncertainty over the coming renegotiation of the United States-Mexico-Canada Agreement, he added.