The Globe and Mail reports in its Friday edition that TD Bank on Thursday posted second-quarter profit that topped analysts' estimates as the lender earmarked fewer provisions for bad loans than expected. The Globe's Stefanie Marotta writes that some analysts expected Canada's biggest banks to increase reserves for debt that could default as policy and trade uncertainty weighs on the ability of consumers and businesses to pay off their debt. TD set aside $1.34-billion in provisions for credit losses (PCLs). That was lower than analysts expected, and included $395-million against loans that are still being repaid based on models that use economic forecasting to predict future losses. Over all, TD increased its provisions from $1.07-billion in Q2 last year. The bank bolstered its performing loan-loss provisions as a buffer against a deteriorating economy even as provisions for impaired loans edged lower. TD booked a charge of $163-million pretax in the quarter and expects total restructuring costs of $600-million to $700-million pretax over the next few quarters. "Impaired is down and performing PCLs increased because of the macro environment and trade uncertainty," chief financial officer Kelvin Tran told The Globe.