The tone was more cautious than doom-and-gloom this week as executives at Canada's big six banks released third-quarter results and discussed how geopolitical unrest and trade turmoil is likely to continue clouding the picture in the months ahead.

"Global trade tensions may result in slower growth and higher inflation in many countries, including Canada and the United States," soon-to-retire CIBC chief executive Victor Dodig told analysts on a conference call Thursday.

"However, we anticipate that declining interest rates will help support economic growth, while fiscal policy will offer targeted relief to the sectors most affected by trade negotiations."

CIBC, whose profits for the quarter topped $2 billion and beat market expectations, is well positioned to weather the volatility, Dodi

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