The Globe and Mail reports in its Friday edition that the big banks all posted higher second-quarter profits that topped analysts' expectations, with their chief executives officers pointing to the resilience of consumers and businesses amid geopolitical and trade uncertainty. The Globe's Stefanie Marotta quotes RBC's Dave McKay saying that even amid slower real estate and commercial activity, he is "impressed" with the resilience of the Canadian economy. Even so, he recommended keeping "eyes wide open" to the impacts of tariffs on specific industries. Last fall, talks broke down between Ottawa and Washington about lowering Section 232 tariffs on Canadian steel and aluminum. "There is a little bit of caution there that we're not through Section 232, but I still come back to: This is an important trade deal for both countries. It's pursuing a track that's not dissimilar to the track that happened the last time," Mr. McKay said about the review of the U.S.-Mexico-Canada Agreement on trade during a call with analysts. "I'm optimistic we'll get to something that's good for both countries, so I'm impressed by the resilience, notwithstanding that Section 232 has impacted the Canadian economy and created some weakness there."