BMO, RBC poised to benefit most, Scotiabank's strategy faces risks: DBRS
Scotia-backed firm will launch this month with 70% Indigenous ownership
Deposit costs will ease, but it will take time for banks' margins to improve
Higher loan-loss reserves drag on Q3 net income, despite revenue gains
Asset quality, capital expected to remain strong
DBRS estimates $27 billion in capital needed to keep ratios at current levels
Easing financial pressures are expected to slow decline in credit quality, boost loan demand
Despite challenges, overall revenue grew
Open banking, fintech can enhance innovation, DBRS Morningstar says
Risk of a trade war, inflation, higher interest rates accompanies U.S. vote