Revenues in wealth management increased 6% year over year
The bank's wealth management profits declined from the previous quarter
Costs related to layoffs totalled $223 million, though the bank didn't disclose the number of employees let go
Bank earnings continue, with jobs and GDP data later in the week
The warning about cuts follows the bank's trimming of 1% of full-time equivalent employees in Q3
The bank also reported lower profits and rolled out an expanded share buyback program
The association extended its line of credit, got a loan and tapped into its $5.5-million reserve fund
Net assets totalled $424 billion on June 30
Rising interest rates led to drops in net income for Great-West Lifeco and Sun Life
The acquisition adds to CI's ultra-high-net-worth business