Bay Street Edition

Big Returns Allow Canada’s Banks to Sidestep Credit Questions

Also: Who comes after Jimmy Pattison?

The Big Six had a great quarter, with Canadian Imperial Bank of Commerce extending a two-year streak of earnings beats.Photographer: Laura Proctor/Bloomberg

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By Christine Dobby

February 27, 2026 at 5:05 PM UTC

Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics.

I’m Christine Dobby, Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about Canadian bank earnings, what the Apotex IPO could mean for the country’s capital markets and Jimmy Pattison’s apparent successor — an accountant five decades younger than him. Plus: solve a murder over cocktails on your next vacation.