The Globe and Mail reports in its Thursday edition that National Bank of Canada says tariff uncertainty between Canada and the United States will affect businesses and consumers. The Globe's Stefanie Marotta writes that National reports that its home market has remained resilient amidst ongoing trade turmoil. It set aside $246-million for credit losses this quarter, exceeding expectations and up from $203-million a year ago. Provisions were driven by debt that the bank believes may not be repaid. Impaired loans climbed to $224-million from $150-million in the same quarter last year. Provisions in the bank's global specialty financing business, Credigy, increased to $55-million from $22-million in the same quarter last year. Jefferies's John Aiken says: "At Credigy, higher provisions took their toll, offsetting higher revenues and improved efficiency to see a sequential decline in earnings. We note that Credigy saw a sequential decline in average loans, but volatility from this segment is not surprising." National is the third major Canadian bank to report earnings for the fiscal third quarter. BMO and Bank of Scotiabank posted results Tuesday. RBC, TD and CIBC will wrap up the week with earnings releases on Thursday.