Hous­ing, debt con­cerns weigh on banks as they re­port Q2 re­sults

The Hamilton Spectator - - COM­MENT -

TORONTO — Cana­dian banks are ex­pected to ben­e­fit from ris­ing U.S. in­ter­est rates and fewer bad loans in the oil­patch as they start re­port­ing their quar­terly re­sults this week, but an­a­lysts say wor­ries about the hous­ing mar­ket and con­sumer debt re­main key con­cerns.

“Given all of the fears about the Cana­dian mort­gage mar­ket, I think that even if the re­sults are good, peo­ple will dis­miss them as be­ing back­ward-look­ing,” said Meny Grauman of Cor­mark Se­cu­ri­ties. The Bank of Montreal will re­port Wed­nes­day, fol­lowed by RBC, TD Bank and CIBC Thurs­day. Sco­tia­bank will re­port May 30.

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