Consumer credit is holding up well and some businesses are showing early signs of shaking off paralysis from trade uncertainty, as Canada’s largest lenders grow more confident their clients can handle the continuing fallout from tariffs.

Toronto-Dominion Bank TD-T and Canadian Imperial Bank of Commerce CM-T reported higher than anticipated profits for the fiscal third quarter that ended July 31, capping off a week in which five of the country’s six biggest banks outperformed expectations.

TD’s quarterly profit of $3.34-billion, or $1.89 per share, bounced back from a loss a year ago when U.S. regulators hit the bank with a US$3-billion fine over serious lapses in its programs to prevent money laundering. After adjusting to exclude that charge, TD earned $2.20 per share, ahead of anal

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