A sign for the Bank of Montreal in Toronto, on Dec. 13, 2021. Reuters/Carlos Osorio/File Photo
TORONTO—Canada’s big banks are expected to have lowered loan-loss provisions in the third quarter from the prior quarter as U.S. tariffs have likely hurt their loan portfolios less than feared.
Canada’s big six banks are expected to set aside a total of C$5.22 billion in loan-loss provisions for the third quarter, compared to C$6.37 billion in the second quarter, according to data compiled by LSEG.
