Canadian Capitalist

The big five Canadian Banks kick off their earnings season on Wednesday with BMO and CIBC reporting. Here’s what to expect:

BMO $1.09 ($1.12 in year-ago quarter)
CIBC $1.44 ($1.34 in year-ago quarter)
TD Bank $1.00 ($0.90 in year-ago quarter)
RBC $1.38 ($1.17 in year-ago quarter)
Scotia Bank $0.75 ($0.68 in year-ago quarter)

The Bank of Canada is also widely expected to keep interest rates at 2.5% on Wednesday, though some economists see inflation pressures building due to massive new federal spending.

(Full Disclosure: I own shares in TD Bank)

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