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Canadian banks BMO and Scotiabank exceed Q1 earnings expectations despite trade tensions.
Canadian banks BMO and Scotiabank reported strong Q1 earnings, exceeding analysts' expectations.
BMO saw a 45% increase in capital-markets earnings, while Scotiabank's global markets division grew by 33%.
Despite a decrease in net income due to a one-time charge, Scotiabank's adjusted earnings per share rose 4%.
Both banks highlighted positive revenue growth but noted potential challenges from North American trade tensions.
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Los bancos canadienses BMO y Scotiabank superan las expectativas de ingresos Q1 a pesar de las tensiones comerciales.