BMO and Scotiabank Beat Profit Estimates
Canadian lenders BMO and Scotiabank reported quarterly profits above estimates driven by strong capital markets and domestic units. Bank executives brushed aside potential impacts from United States tariffs.
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Bank of Montreal and Bank of Nova Scotia topped quarterly profit estimates on Tuesday morning, driven by capital markets strength as executives dismissed tariff concerns. Canada's major lenders have maintained solid earnings despite ongoing trade friction with the United States and Mexico over recent weeks. Strong performance across domestic and international operations has insulated lenders against macroeconomic volatility.
