Bank of Montreal will be the first to report Tuesday, followed by Royal Bank on Wednesday. Canada’s biggest banks start to report third quarter earnings this week which could shed light on whether tepid economic conditions will damage their bottom lines. Low rates limit how much the banks can earn from loans and therefore their earnings potential. Bank of Montreal announced in the last quarterly earnings conference call that it cut 1,850 jobs. Restructuring charges related to the cuts have emerged as a theme in quarterly earnings as banks focus on cost-cutting.

Source: thestar August 22, 2016 17:15 UTC