Canadian Banks Post Strong Q3 Earnings Amid Trade Tensions
Several of Canada's major banks reported strong third-quarter earnings for the period ended July 31, 2026, with results from the Royal Bank of Canada, National Bank of Canada, Bank of Nova Scotia, and Bank of Montreal all surpassing analyst expectations. The robust performance came despite ongoing trade tensions between Canada and the United States, with executives noting resilience in the domestic economy and strength across key business segments like capital markets and wealth management. Royal Bank of Canada, the country's largest lender, announced a third-quarter profit of $6.02 billion, up from $5.41 billion a year earlier. The profit amounted to $4.
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