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ATB Financial was also hit by higher loan loss provisions

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The company also cut its dividend to gain more flexibility for the business

close-up of the top of td canada trust tower building, toronto

Chief executive says the bank entered the crisis from a position of strength

CIBC HQ

The bank earned $392 million, down from $1.35 billion a year ago

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Loan loss provisions increased by $2.4 billion

Indianapolis - Circa June 2017: Signage and Logo of BMO Harris Bank. BMO Harris is one of the Largest Banks in the Midwest V

The bank’s loan loss provisions totalled $1.11 billion for the quarter

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The bank set aside $504 million in loan loss provisions

Bank of Nova Scotia, Toronto, On

Demand for deferrals in Canada peaked in the first week of April

Bank earnings and GDP numbers headline a busy week

Toronto downtown with new streetcar

Landlords, railways and insurers have all been affected