National Bank reports third-quarter profit down from year ago
The bank's wealth management business earned $181 million, up 10% from $164 million a year ago
- By: IE staff, with files from Canadian Press
- August 24, 2022 August 24, 2022
- 15:05
The bank's wealth management business earned $181 million, up 10% from $164 million a year ago
Wealth management operations earned $777 million in Q3, up year-over-year from $744 million
The province has enough money to balance the 2022-23 budget, says Finance Minister Donna Harpauer
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This week's results come with bank stocks under some pressure as part of the wider economic uncertainty
Ontario municipal workers’ pension fund had 6% net investment gain for year ending June 30
Inflation was main contributor; volume only up 0.2%
As the bid for talented advisors increases, other Big Six banks haven't made material changes to compensation for incoming branch advisors
A B.C. court case considers the validity of a common-law relationship
At issue is the bank's poor track record of serving Black, Latino clients
Enforcement activity was included in FP Canada's annual report
Getting about costs money but the elderly are seeing a crunch on grocery bills, investment portfolios
Immigration and smaller households should boost demand and prevent a market spiral, a report says
Americans spent more on building, garden supplies; less at clothing stores
The median solvency ratio decreased slightly after eight straight quarterly improvements
Changes to the life insurance capital adequacy test, released in July, take effect in 2023
The Communist Party effectively acknowledged last month that it can't hit this year's official 5.5% growth target
Bourse issues RFP seeking firms to serve as market makers
Total assets down 7.6% from previous quarter, but up 12.2% year over year
Participating insurance sales helped drive 32% premium increase in Canada
Record inflows contribute to strong fundraising outlook, the alternative asset manager said
Private equity, credit and real estate contributed "modestly" to the losses, the board said
Such scenarios are becoming increasingly common as estate sizes increase, a Vancouver lawyer suggests
Draft legislation includes expanded SBD access, definition of substantive Canadian-controlled private corporation
Economist forecasts a "storm" in economic data as we emerge from the pandemic