{"id":99387,"date":"2026-02-23T08:18:10","date_gmt":"2026-02-23T11:18:10","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/894726859"},"modified":"2026-02-23T08:18:10","modified_gmt":"2026-02-23T11:18:10","slug":"capital-markets-expected-to-drive-big-6-banks-as-earnings-season-kicks-off","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/23\/capital-markets-expected-to-drive-big-6-banks-as-earnings-season-kicks-off\/","title":{"rendered":"Capital markets expected to drive Big 6 banks as earnings season kicks off"},"content":{"rendered":"<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\"><\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Canada\u2019s major banks are in a good position as they head into first-quarter earnings season this week, analysts say<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Feb 23, 2026<\/span> &nbsp;\u2022&nbsp; <span class=\"updated-date__since\">Last updated 2&nbsp;hours ago<\/span> &nbsp;\u2022&nbsp; <span class=\"published-date__word-count\">4 minute read<\/span><\/p>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0220banks-1.jpg?quality=90&strip=all&w=288&h=216&sig=CAyTAZIonTLQQbtGAGaq2w&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0220banks-1.jpg?quality=90&strip=all&w=288&h=216&sig=CAyTAZIonTLQQbtGAGaq2w&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0220banks-1.jpg?quality=90&strip=all&w=288&h=216&sig=CAyTAZIonTLQQbtGAGaq2w&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0220banks-1.jpg?quality=90&strip=all&w=288&h=216&sig=CAyTAZIonTLQQbtGAGaq2w&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0220banks-1.jpg?quality=90&strip=all&w=288&h=216&sig=CAyTAZIonTLQQbtGAGaq2w&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0220banks-1.jpg?quality=90&strip=all&w=288&h=216&sig=CAyTAZIonTLQQbtGAGaq2w&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0220banks-1.jpg?quality=90&strip=all&w=288&h=216&sig=CAyTAZIonTLQQbtGAGaq2w&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0220banks-1.jpg?quality=90&strip=all&w=288&h=216&sig=CAyTAZIonTLQQbtGAGaq2w&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0220banks-1.jpg?quality=90&strip=all&w=288&h=216&sig=CAyTAZIonTLQQbtGAGaq2w&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0220banks-1.jpg?quality=90&strip=all&w=288&h=216&sig=CAyTAZIonTLQQbtGAGaq2w&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0220banks-1.jpg?quality=90&strip=all&w=288&h=216&sig=CAyTAZIonTLQQbtGAGaq2w&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Bank buildings in Toronto's Financial District.\" class=\"featured-image__image type:primaryImage\" fifu-data-src=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0220banks-1.jpg?quality=90&strip=all&w=288&h=216&sig=CAyTAZIonTLQQbtGAGaq2w&ssl=1\" height=\"750\" width=\"1000\"><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Bank buildings in Toronto&#8217;s Financial District. <\/span> <span class=\"credit\">Photo by Wikimedia Commons<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async>After beating expectations in a challenging operating environment last year, Canada\u2019s major banks are in a good position as they head into first-quarter <a data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;earnings&quot;, &quot;target_url&quot;: &quot;https:\/\/financialpost.com\/tag\/earnings\/&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" rel=\"noopener noreferrer\" data-evt=\"click\" data-evt-typ=\"click\" href=\"https:\/\/financialpost.com\/tag\/earnings\/\" target=\"_blank\">earnings<\/a> season this week, analysts say.<\/p>\n<\/section>\n<div class=\"ad__section-border ad__section-border--story article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment8058324183136328266291120762257408\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async>But many of the same challenges they faced will carry over into 2026, including the uncertainty around trade negotiations and the upcoming review of the Canada\u2013United States\u2013Mexico Agreement (<a data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;CUSMA&quot;, &quot;target_url&quot;: &quot;https:\/\/financialpost.com\/tag\/cusma\/&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" rel=\"noopener noreferrer\" data-evt=\"click\" data-evt-typ=\"click\" href=\"https:\/\/financialpost.com\/tag\/cusma\/\" target=\"_blank\">CUSMA<\/a>) in July. Bank executives will also be watching to see how monetary policy, government fiscal support and Ottawa\u2019s stimulative spending affect the <a data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;labour market&quot;, &quot;target_url&quot;: &quot;https:\/\/financialpost.com\/tag\/labour-market\/&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" rel=\"noopener noreferrer\" data-evt=\"click\" data-evt-typ=\"click\" href=\"https:\/\/financialpost.com\/tag\/labour-market\/\" target=\"_blank\">labour market<\/a>, consumer credit and economic growth.<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async>Overall, however, analysts are forecasting solid <a data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;capital markets&quot;, &quot;target_url&quot;: &quot;https:\/\/financialpost.com\/tag\/capital-markets\/&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" rel=\"noopener noreferrer\" data-evt=\"click\" data-evt-typ=\"click\" href=\"https:\/\/financialpost.com\/tag\/capital-markets\/\" target=\"_blank\">capital markets<\/a> and wealth management income, positive operating leverage and contained credit losses to drive earnings in the first quarter, which ended Jan. 31.<\/p>\n<p>\u201cWe are expecting another set of strong results across the group, supported by a favourable capital markets backdrop,\u201d Paul Holden, an analyst at CIBC Capital Markets, said in a note on Feb. 12. \u201cWhile macro uncertainty persists, sector fundamentals remain constructive and should again drive positive earnings momentum this quarter.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border ad__section-border--story article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment2342474310047520672116288629243904\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>He said the speed and scale at which banks increase their return on equity (ROE) will be a key upside driver, adding that most either increased or pulled forward their targets in fiscal year 2025.<\/p>\n<p>\u201cThe banks that can deliver the most ROE expansion over the next two to three years are most likely to be the best-performing stocks,\u201d he said.<\/p>\n<p data-async>Gabriel Dechaine, an analyst at National Bank of Canada, said it was not remarkable that the <a data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;Big Six&quot;, &quot;target_url&quot;: &quot;https:\/\/financialpost.com\/tag\/big-six\/&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" rel=\"noopener noreferrer\" data-evt=\"click\" data-evt-typ=\"click\" href=\"https:\/\/financialpost.com\/tag\/big-six\/\" target=\"_blank\">Big Six<\/a> outperformed the S&amp;P\/TSX composite index in 2025.<\/p>\n<p>\u201cWhat is remarkable is that this outperformance was delivered against a backdrop of weak gross domestic product (GDP) growth, rising unemployment and economic uncertainty created by the Trump administration\u2019s tariff strategy,\u201d he said in a Dec. 17 note.<\/p>\n<\/section>\n<div class=\"ad__section-border ad__section-border--story article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment5555459376876479905795824399941632\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Despite those issues, the sector\u2019s valuations continue to reach new highs that \u201cdefy conventional thinking,\u201d Dechaine said.<\/p>\n<p>\u201cOn one hand, strong equity markets that have driven capital markets and wealth businesses, and a seemingly more dovish regulatory environment, argue for higher multiples,\u201d he said. \u201cOn the other hand, a backdrop of elevated unemployment and low GDP growth provides an argument against.\u201d<\/p>\n<p>Matthew Lee, an analyst at Canaccord Genuity Corp., said the Big Six\u2019s multiples are \u201cfar above historical levels,\u201d but the group still trades at a 0.6 times to 0.7 times multiple of the S&amp;P\/TSX composite index, which is largely within its historical range.<\/p>\n<p>\u201cWe believe there remains upside to the bank equities, primarily based on strong balance sheets, well-provisioned credit and the potential for multiple years of low double-digit EPS growth,\u201d he said in a note on Feb. 12.<\/p>\n<\/section>\n<div class=\"ad__section-border ad__section-border--story article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment7549447337160815375587226398228480\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Historical multiples are \u201cfar less relevant today,\u201d said Mike Rizvanovic, an analyst at Bank of Nova Scotia.<\/p>\n<p>\u201cHaving said that, we don\u2019t foresee the likelihood of multiple expansion in the near term, which means that any upside will need to be driven by upward revisions to EPS estimates,\u201d he said in a Feb. 19 note.<\/p>\n<p>Analysts\u2019 outlooks for capital markets revenue remain strong, but Dechaine said it will be hard, if not impossible, for the segment to outperform after a \u201cbanner year\u201d in 2025.<\/p>\n<p>\u201cHowever, assuming the market backdrop&nbsp;remains&nbsp;supportive,&nbsp;corporate and&nbsp;investment&nbsp;banking revenues that were up a comparatively low 10&nbsp;per cent&nbsp;could pick up the slack,\u201d he said.<\/p>\n<p>But Lee said consumer weakness and a softening residential real estate market could put pressure on banks\u2019 domestic credit.<\/p>\n<\/section>\n<div class=\"ad__section-border ad__section-border--story article-content__ad-group ad_counter_6\">\n<section aria-describedby=\"advertisment4134784247231149860032847080849408\" class=\"ad\">\n<p>Advertisement 6<\/p>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>\u201cIn our view, the strength of the Canadian consumer is the linchpin for personal banking with soft job numbers magnified by growth in the card portfolio,\u201d he said. \u201cOn the commercial side, we believe that Canadian residential real estate development will be an area of focus given declining urban&nbsp;condo&nbsp;prices and the capital-intensive nature of the business.\u201d<\/p>\n<p>After gradually increasing over the past two years, analysts expect banks\u2019 provision for credit losses (PCLs) \u2014&nbsp;the money banks set aside to&nbsp;cover loans that go bad&nbsp;\u2014&nbsp;to&nbsp;range from&nbsp;flat&nbsp;to&nbsp;modestly&nbsp;elevated&nbsp;in the quarter.<\/p>\n<p>Dechaine said the credit outlook is \u201carguably the biggest source of forecast uncertainty\u201d in the banking sector, and many investors are wondering if the banks will reach a \u201cpeak PCL\u201d milestone in 2026 and start releasing provisions.<\/p>\n<\/section>\n<div class=\"ad__section-border ad__section-border--story article-content__ad-group ad_counter_7\">\n<section aria-describedby=\"advertisment1334794682068134280002486988177408\" class=\"ad\">\n<p>Advertisement 7<\/p>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>\u201cWe believe banks are waiting for clarity on the future of the CUSMA trade agreement, which might not be provided until mid-year,\u201d he said.<\/p>\n<p>Bank of Nova Scotia kicks off the first-quarter earnings season on Tuesday. Bank of Montreal and National Bank of Canada will report results on Wednesday, followed by Canadian Imperial Bank of Commerce, Royal Bank of Canada and Toronto-Dominion Bank on Thursday.<\/p>\n<section aria-labelledby=\"moreTopicLabel4799583753265516015217371888222208\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component data-carousel-icon-button data-carousel-type=\"list\">\n<p>Read More<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev title=\"previous\" type=\"button\"><\/button><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list>\n<li data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;data_source&quot;: &quot;data_source&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;widget_title&quot;: &quot;widget_title&quot;, &quot;target_url&quot;: &quot;target_url&quot;, 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&quot;a3915100-5c91-4506-a242-c08b284c98ae&quot;, &quot;target_article_position&quot;: &quot;0&quot;, &quot;layout_section&quot;: &quot;read-more&quot;}\" class=\"more-topic__item\" data-carousel-item data-evt=\"click\" data-evt-typ=\"click\"><a href=\"https:\/\/financialpost.com\/fp-finance\/banking\/td-bank-super-bowl-ad-more-human\"> <img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/0210-bc-td-.jpg?h=96&strip=all&quality=80&sig=f44_FEARUFfHwQNxp3UWHw&ssl=1&w=75&resize=75&ssl=1 75w, 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https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/0210-bc-td-.jpg?h=96&strip=all&quality=80&sig=f44_FEARUFfHwQNxp3UWHw&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/0210-bc-td-.jpg?h=96&strip=all&quality=80&sig=f44_FEARUFfHwQNxp3UWHw&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/0210-bc-td-.jpg?h=96&strip=all&quality=80&sig=f44_FEARUFfHwQNxp3UWHw&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/0210-bc-td-.jpg?h=96&strip=all&quality=80&sig=f44_FEARUFfHwQNxp3UWHw&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/0210-bc-td-.jpg?h=96&strip=all&quality=80&sig=f44_FEARUFfHwQNxp3UWHw&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/0210-bc-td-.jpg?h=96&strip=all&quality=80&sig=f44_FEARUFfHwQNxp3UWHw&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/0210-bc-td-.jpg?h=96&strip=all&quality=80&sig=f44_FEARUFfHwQNxp3UWHw&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\" TD also announced plans to make its platform more simple and clearer under a unified brand platform.\" data-src=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/0210-bc-td-.jpg?h=96&strip=all&quality=80&sig=f44_FEARUFfHwQNxp3UWHw&ssl=1\" fifu-data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/0210-bc-td-.jpg?h=96&strip=all&quality=5&sig=sgs8Xjs0ar2Le7-g5wxLSQ\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\">\n<p><span class=\"more-topic__item-text-clamp\">TD Bank\u2019s Super Bowl ad announces plans to be \u2018more human\u2019<\/span><\/p>\n<p> <\/a><\/li>\n<li data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;data_source&quot;: &quot;data_source&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;widget_title&quot;: &quot;widget_title&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;target_article_title&quot;: &quot;target_article_title&quot;, &quot;target_article_id&quot;: &quot;target_article_id&quot;, &quot;target_article_position&quot;: &quot;target_article_position&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;widget-list&quot;, &quot;data_source&quot;: &quot;editorial&quot;, &quot;anchor_text&quot;: &quot;Gold bugs were right about the price hitting US$5,000, but what about that big bank conspiracy theory?&quot;, &quot;widget_title&quot;: &quot;read-more&quot;, &quot;target_url&quot;: &quot;https:\/\/financialpost.com\/commodities\/mining\/gold-bugs-right-price-5000-big-bank-theory&quot;, &quot;target_article_title&quot;: &quot;Gold bugs were right about the price hitting US$5,000, but what about that big bank conspiracy theory?&quot;, &quot;target_article_id&quot;: &quot;f162fc0d-4829-4e7a-8121-596835ba2862&quot;, &quot;target_article_position&quot;: &quot;1&quot;, &quot;layout_section&quot;: &quot;read-more&quot;}\" class=\"more-topic__item\" data-carousel-item data-evt=\"click\" data-evt-typ=\"click\"><a href=\"https:\/\/financialpost.com\/commodities\/mining\/gold-bugs-right-price-5000-big-bank-theory\"> <img data-opt-id=758893364  decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=80&sig=0Xs5RhQq9IALUVsKhuPgzQ&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=80&sig=0Xs5RhQq9IALUVsKhuPgzQ&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=80&sig=0Xs5RhQq9IALUVsKhuPgzQ&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=80&sig=0Xs5RhQq9IALUVsKhuPgzQ&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=80&sig=0Xs5RhQq9IALUVsKhuPgzQ&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=80&sig=0Xs5RhQq9IALUVsKhuPgzQ&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=80&sig=0Xs5RhQq9IALUVsKhuPgzQ&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=80&sig=0Xs5RhQq9IALUVsKhuPgzQ&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=80&sig=0Xs5RhQq9IALUVsKhuPgzQ&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=80&sig=0Xs5RhQq9IALUVsKhuPgzQ&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=80&sig=0Xs5RhQq9IALUVsKhuPgzQ&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Gold bugs spent years predicting bullion would hit its present value of around US$5,000 per ounce.\" data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=80&sig=0Xs5RhQq9IALUVsKhuPgzQ&ssl=1\" fifu-data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/no0204gold.jpg?h=96&strip=all&quality=5&sig=OESdjvU_sLhnusjgZ9cJPw\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\">\n<p><span class=\"more-topic__item-text-clamp\">Gold bugs were right about the price hitting US$5,000, but what about that big bank conspiracy theory?<\/span><\/p>\n<p> <\/a><\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next title=\"next\" type=\"button\"><\/button><\/section>\n<p data-async><em>\u2022 Email: <a data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, 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network<\/p>\n<\/section>\n<div aria-label=\"Article Comments\" class=\"article-content__widget-group article-comment\">\n<section class=\"comments__section\" data-aqa=\"viafoura-comments\" id=\"comments\">\n<p>Comments<\/p>\n<details class=\"expansion-panel comments__section__list\">\n<summary class=\"expansion-panel__summary\">\n<div class=\"h4 expansion-panel__summary-label\"><span aria-hidden=\"true\" class=\"article-card__comment-icon\">  <\/span><span>Join the Conversation<\/span><\/div>\n<\/summary>\n<\/details>\n<\/section>\n<\/div>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links Canada\u00e2\u0080\u0099s major banks are in a good position as they head into first-quarter earnings season this week, analysts say Bank buildings in Toronto&#039;s Financial District. Photo by Wikimedia Commons After beating expectations in a &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-99387","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/99387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=99387"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/99387\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=99387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=99387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=99387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}