News of the day: ‘Buy Canadian’ consumer guide, bank CEOs on Trump tariffs, BMO and Scotiabank beat expectations, Canadian consumer debt and more

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Photo by Andrew Francis Wallace/Toronto Star via Getty ImagesIt’s Tuesday, August 25. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountHere’s a look at some Canadian producers and retailers affected by the new tariffs and the Buy Canadian opportunities they present for consumers. Trump’s trade threats should encourage Canada to make changes in its own economy, say bank CEOs. Photo by HYUNGCHEOL PARK/Postmedia)Both Darryl White, chief executive of the Bank of Montreal and Scott Thomson, CEO of the Bank of Nova Scotia, said on Tuesday that while the impacts of the latest tariffs would create some uncertainty, they were manageable.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again Bank of Montreal reported third-quarter earnings Tuesday. Photo by Ben Nelms/BloombergBank of Montreal’s net income for the three months ending July 31 was $1.75 billion, compared to $2.33 billion during the same quarter last year, resulting in net earnings per share of $2.38. Bank of Nova Scotia reported third-quarter earnings Tuesday. Photo by Galit Rodan/BloombergBank of Nova Scotia’s net income for the three months ending July 31 was $2.95 billion, compared to $2.52 billion during the same quarter last year, resulting in net earnings per share of $2.27. Although the credit market remained healthy, the data suggest Canadians are experiencing increasingly different financial realities. Photo by Julie Alex K/Getty ImagesEquifax Inc. said in its consumer credit report that debt among Canadian consumers is up 4.18 per cent in the quarter from the year before to $2.68 trillion and up 1.3 per cent from the first quarter. TransUnion said Canadian consumer debt hit a record $2.64 trillion in the second quarter, with debt levels growing faster than the number of Canadians using credit as existing borrowers carried larger balances than a year earlier.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.