The Financial Post reports in its Friday edition that the economic uncertainty stemming from U.S. President Donald Trump's proposed tariffs could compel Canada's big banks to report provisions for credit losses (PCLs) that are higher than what analysts had previously expected when the lenders release quarterly results next week. The Post's Naimul Karim writes that such a move could dampen the mood for the quarter ending Jan. 31. Analysts expected the situation to gradually improve this year after the Bank of Canada started a series of rate cuts last year and prices rose at a slower rate, but Mr. Trump's proposed tariffs on Canadian goods have led to a cloudy outlook. "We had become increasingly convinced that credit losses were near a peak and that the banks could be in a position to release performing allowances sooner than later," said CIBC analyst Paul Holden in a note. "We have less conviction in that view given the tariff risk." PCLs are a key credit metric for measuring the health of a bank's loan book and, by extension, the ability of households and businesses to pay their debts. If the economic picture becomes brighter, banks can release some of their PCL reserves, but that is unlikely to happen any time soon.