Electoral sweep would weigh on global growth, oil prices, Desjardins economists project
Forecasts are predicated on Congress passing much of each candidate's agenda — an unlikely scenario
Deposit costs will ease, but it will take time for banks' margins to improve
Higher loan-loss reserves drag on Q3 net income, despite revenue gains
High valuations, uncertainties loom in second half
Asset quality, capital expected to remain strong
Economic growth, government budgets to feel ill effects of demographic shift: Desjardins
Unemployment rising, but layoffs aren't, leaving room to cut rates
Transaction is valued at $53 million and follows an April announcement from Desjardins
Despite initial cut, monetary policy remains restrictive, and economy faces other headwinds