The Financial Post reports in its Wednesday edition that economic outlook in the United States, particularly under president-elect Donald Trump, is expected to benefit Canadian banks with operations there, said TD Bank's chief executive officer. The Post's Barbara Shecter quotes Bharat Masrani telling a Toronto banking conference that, "When the sentiment turns, it is going to be helpful for us." Mr. Masrani cited expected Trumpian policies including tax reform, infrastructure spending and regulatory streamlining. Brian Porter, the CEO of Bank of Nova Scotia, was asked whether Trump's suggestion that he would tear up the North American free-trade agreement (NAFTA) was a concern for Scotia, given the bank's operations in both Canada and Mexico. Mr. Porter said that the trade agreement, now nearly a quarter of a century old, might need "a bit of a refresh." Of less concern for Mr. Porter is Mexico's internal economy, adding that while the initial boost from NAFTA came as a result of "labour arbitrage," the country's development and education system over the past 25 years has changed the type of work that has moved there. However, U.S. growth could be somewhat contained by tepid growth in European markets.