Banks report earnings this week, and it could tell us a lot about the state of the economy

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Monday's fiscal update gave us a pretty good look at how much red ink has been spilled on the federal government's finances — and just how long it might take to clean it up.

A series of pronouncements from Canada's biggest lenders this week should give us a similar glimpse of how things are doing in the real economy.

The so-called Big Six banks are slated to reveal their fourth-quarter earnings starting Tuesday morning. Bank of Montreal kicked things off with a 33 per cent profit hike, and Scotiabank came next with a slight dip to $1.9 billion.

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Original Article Source Credits:   CBC News , https://www.cbc.ca/

Article Written By:  Pete Evans 

Original Article Posted on:   Dec 01, 2020 

Link to Original Article:  https://www.cbc.ca/news/business/bank-earnings-expired-mortgages-1.5819509



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