Canada's major banks are entering their fourth-quarter earnings amid improved market conditions, with most performing well despite concerns over mortgage defaults and economic downturns. Analysts suggest that to maintain current valuations, the banks need to demonstrate future earnings growth. The S&P TSX bank index has seen an increase of approximately 12 percent since last quarter's results, with Scotiabank and CIBC leading the pack.
However, TD Bank is experiencing a slight decline due to a US$3 billion fine and growth limitations in the U.S. due to anti-money laundering issues. Analysts are optimistic about the industry's outlook, particularly focusing on next year's projections
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