Wealth sales in Canada dropped 10% from a year ago
The think tank says it's not expecting an economic contraction in Canada, but the risks are creeping up
The bank's wealth management arm earned $169 million in the quarter, up 3% from a year ago
CIBC's Canadian commercial banking and wealth management business earned $480 million for the quarter
Net income for the bank's wealth management division increased to $750 million compared with $683 million a year ago
Assets under management in Canadian retail were $411 billion as of April 30, up from $397 billion at the end of Q2 2021
Insurers attribute performance in some areas to higher rates, lower equity markets
Scarcity of lower-cost housing has emerged as an issue in the province
The Liberals’ campaign promise to implement a surtax on financial institutions that profited during the pandemic was listed as a priority for both parties
February gains were notable in sectors hardest hit by the pandemic such as food services and accommodation