Industry News

CIBC’s Q3 earnings depressed by Covid-19, oil exposure

CIBC’s Q3 earnings depressed by Covid-19, oil exposure

The bank earned $1.17 billion in its third quarter, down from nearly $1.4 billion a year earlier

By Tara Deschamps, The Canadian Press |August 27, 2020

2 min read

National Bank reports $602M in Q3 profit, tops expectations

National Bank reports $602M in Q3 profit, tops expectations

The bank slowed down on provisions for credit losses as payment deferral requests dropped

By The Canadian Press |August 26, 2020

2 min read

Decorative pattern

RBC posts $3.2B profit in Q3, beats expectations

The fall season will be a "challenging" time for the economy, the CEO says

By The Canadian Press |August 26, 2020

3 min read

Net income declines 8% for Canadian corporations in Q2

Net income declines 8% for Canadian corporations in Q2

Insurance and financial services helped offset losses in banking

By Staff |August 26, 2020

2 min read

Decorative pattern

Mark Carney joins Brookfield Asset Management

The former governor of the BoC and BoE will head ESG and impact fund investing

By The Canadian Press |August 26, 2020

2 min read

Decorative pattern

Canadian insurers tap bond markets with record issuances: DBRS

The companies have capitalized on tighter corporate spreads and strong financials

By Staff |August 25, 2020

1 min read

Report finds SRO merger would lead to significant savings

Report finds SRO merger would lead to significant savings

Deloitte has examined IIROC’s proposal to merge with the MFDA

By Fiona Collie |August 25, 2020

2 min read

Pandemic wreaks havoc on U.S. bank earnings

Economic Indicators

Pandemic wreaks havoc on U.S. bank earnings

Profits have slumped 70% year over year as bad loans pile up

By Ken Sweet, The Associated Press |August 25, 2020

1 min read

BMO Financial Group reports $1.23B Q3 profit, tops analysts’ expectations

BMO Financial Group reports $1.23B Q3 profit, tops analysts’ expectations

Net income for the bank’s wealth management business increased 37% year over year

By Tara Deschamps, The Canadian Press |August 25, 2020

2 min read

Scotiabank reports $1.3B Q3 profit, provisions for credit losses climb

Scotiabank reports $1.3B Q3 profit, provisions for credit losses climb

Strong results in global banking, wealth management offset hit to retail banking

By The Canadian Press |August 25, 2020

1 min read

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