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 biggest banks to report provisions for credit losses (PCLs) that are higher than what analysts had expected when the lenders release quarterly results next week. The Post's Naimul Karim writes that much a move could dampen the mood for the quarter ending Jan. 31, analysts say. Darko Mihelic, an analyst at RBC Capital Markets, has revised his expectations and lowered the expected average earnings per share of the large banks, primarily because of the expected impact of higher-than-expected PCLs. "We expect all large banks ... to build larger performing PCLs than we previously believed," he said in a note. "We expect the banks' base-case economic scenarios to reflect more of a recessionary economy and we also believe pessimistic scenario assumptions may become more pessimistic." Gabriel Dechaine, an analyst at National Bank Financial, does not expect higher provisions to impact banks this quarter, but said the probability of it increasing in the future quarters has risen. "We expect banks to inject greater conservatism into their credit guidance," he said.