Guardian Capital Group Ltd. reported a near doubling in profit for the third quarter as strong markets boosted assets under management.

Net earnings for the quarter ended Sept. 30, 2005 were $4.1 million compared to $2.3 million for the third quarter of 2004.

Cash flow from operations for the quarter was $4.1 million, compared to $2.5 million during the same period in 2004.

Assets under management were $18.2 billion as at Sept. 30, 2005, compared to $16.8 billion as at June 30, 2005 and $14.8 billion as at Sept. 30, 2004.

Assets under administration were $4.3 billion as at Sept. 30, 2005, compared to $4.0 billion as at June 30, 2005 and $3.3 billion as at Sept; 30, 2004.

The value of corporate holdings of securities as at September 30, 2005 was $367.9 million or $18.28 per share, diluted.

Guardian Capital Group Ltd. is a diversified financial services company founded in 1962.