Expectations are high as banks benefit from a strengthening oil sector and rising US interest rates but there are still headwinds. The size of household debt and the potential risks in the housing market will be closely watched in the banks’ financial reports.
BMO is the first to report, on Wednesday; followed by RBC, TD and CIBC on Thursday. Scotiabank reports on Tues May 30.
The sector will be hoping to re-focus the attention onto positive aspects following the recent Home Capital issues.
More market update:
The latest round of quarterly results from Canada’s big banks will be revealed this week.