Today on Investor Beat, Chris Hill and Motley Fool analyst Taylor Muckerman discuss why they'll be watching two Canadian banks this week.

Today is Victoria Day in Canada, informally marking the beginning of the summer. While the Toronto Stock Exchange was closed today, Taylor is excited about the coming earnings reports Thursday of Canada's largest banks, Toronto-Dominion Bank (NYSE:TD) and the Royal Bank of Canada (NYSE:RY). Taylor sees these two banks as gauges for the Canadian lending market.