Canadian banks aren’t hurting for cash
Posted by news | Filed under All News Stories, Business
Slow economic growth in Canada isn’t weighing down bank earnings. Profit at Canada’s five biggest banks soared to $7.8 billion in the third quarter, up 45 percent from a year ago. The Royal, CIBC, and TD Bank were the latest to report their earnings Thursday. The Royal led the way with its highest quarterly profit ever – nearly $2.25 billion.
