News and resources for Canada's top financial advisors
Est. 1998
Industry
Canada's biggest banks delivered $7.8 billion of cumulative profit in Q3 2012. The performance of the banks left analysts' restrained predictions in the dust, marking an increase of 45% from net income of $5.38 billion a year ago.
By Staff |August 31, 2012
2 min read
Laurentian Bank reported net income of $30.0 million, or $1.06 diluted per share, for the Q3 2012, compared to $29.1 million in 2011.
1 min read
Economic Indicators
Royal Bank of Canada reported net income of $2,240 million for the third quarter 2012, up $946 million (73%) from the prior year. “RBC had a record quarter, driven by exceptional growth in our Canadian retail franchise and strong investment banking results,” says Gordon Nixon, RBC president and CEO. Further comparing this quarter to 2011, […]
By Staff |August 30, 2012
TD Bank delivered a record quarter in Q3 2012, reflecting strong retail and wholesale earnings.
Scotiabank profits grew by 57% in the Q3 2012, as its divisions boosted performance and benefited from the sale of the bank’s Toronto headquarters.
By Staff |August 28, 2012
BMO Financial Group has released strong Q3 2012 results. Its net income rose by 37% to $970 Million, or $1.42 per share.
Standard Life declared an $80 million profit today for the first half of 2012, compared to $256 million for the same period in 2011.
By Staff |August 14, 2012
Volatile equity markets and weak interest rates battered Manulife Financial’s Q2 2012 earnings, forcing it to report its fifth loss in the past ten quarters. Following news that low rates could cost insurers millions in the next few years, the company released its earnings. Overall, Manulife posted a $300-million loss in its second quarter, saying […]
By Wire services |August 10, 2012
Sprott Inc.'s Q2 profit has fallen dramatically since the same time last year.
By Staff |August 10, 2012
With the Olympics in full swing, it’ll be nice to watch something positive come out of Europe for once.
By Gareth Watson |July 30, 2012
3 min read
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