Canada's biggest banks look set to post slower growth in the second quarter of the year after starting the year with strong earnings momentum.

TD Bank Group (TSE:TD) (NYSE:TD) saw its fourth quarter and full year results beat Street estimates on Thursday, largely on the strength of its retail banking segment, pointing to a recovering economy.

TD Bank Group (TSE:TD) (NYSE:TD) beat Street estimates on Thursday as third quarter profit rose 23% on strong performance in retail banking, prompting the company to boost its quarterly dividend for the second time this year.

The bank’s Canadian retail and commercial banking division, which began to offer Sunday hours during the quarter, saw earnings rise 26% to CAD$905 million, helped by volume growth in deposits, real estate lending, and insurance.  

"Our third quarter results really tell the growth story of our retail businesses on both sides of the border, with our total adjusted retail earnings hitting a new high of $1.3 billion, up 21% from last year," said president and CEO Ed Clark.

BMO Financial Group (TSE:BMO) Wednesday dropped the puck on Canadian banking earnings season as it posted a 27 percent jump in second-quarter earnings, beating analyst expectations.

Canada's biggest banks look set to post slower growth in the second quarter of the year after starting the year with strong earnings momentum.

JPMorgan Chase (NYSE:JPM) said late Thursday that a $2 billion trading loss will impact its second-quarter earnings.

Holding company Berkshire Hathaway (NYSE:BRK.A) said first-quarter profit more than doubled as its insurance units avoided major disaster losses and the paper value of its derivative contracts improved.

Manulife Financial Corp. (TSE:MFC) Thursday posted a 22 percent jump in earnings on a number of special items as well as strong operational performance in Canada and Asia.