The result beat expectations
Assets under management also dropped 8% in 2022
The deal comes as Canaccord's management looks to take the firm private
Special committee of board members has reservations about the offer
Wealth management profit was up by 24% on higher interest rates
Wealth management profits increased despite lower fee-based revenues
AUM, wealth management revenue dropped amid challenging market conditions
HSBC signalled it was looking to sell its Canadian business back in October
Anthony Ostler also called for more consumer protection in the emerging payments space
Founder Schwartz remains chairman of private equity firm with US$47B in AUM