Earnings – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Fri, 22 Sep 2023 19:12:26 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Earnings – Advisor's Edge https://phoenix.advisor.ca 32 32 FP Canada’s revenue mixed in 2022–23 https://phoenix.advisor.ca/news/industry-news/fp-canadas-revenue-mixed-in-2022-23/ Fri, 22 Sep 2023 19:11:32 +0000 https://www.advisor.ca/?p=231041 Certification fees accounted for 70% of income

The post FP Canada’s revenue mixed in 2022–23 appeared first on Advisor's Edge.

]]> Deteriorating credit conditions to weigh on banks https://phoenix.advisor.ca/news/economic/deteriorating-credit-conditions-to-weigh-on-banks/ Fri, 15 Sep 2023 17:56:54 +0000 https://www.advisor.ca/?p=230811 Rising credit provisions, funding costs, pinching bank profits, DBRS says

The post Deteriorating credit conditions to weigh on banks appeared first on Advisor's Edge.

]]> CIBC profits down on higher loan loss provisions after revised economic outlook https://phoenix.advisor.ca/news/industry-news/cibc-profits-down-on-higher-loan-loss-provisions-after-revised-economic-outlook/ Thu, 31 Aug 2023 19:19:52 +0000 https://www.advisor.ca/?p=230297 Full-time employee equivalent count was down 1,709 from Q4 of 2022

The post CIBC profits down on higher loan loss provisions after revised economic outlook appeared first on Advisor's Edge.

]]> National Bank Q3 profit edges higher, provision for credit losses also up https://phoenix.advisor.ca/news/industry-news/national-bank-q3-profit-edges-higher-provision-for-credit-losses-also-up/ Wed, 30 Aug 2023 17:12:30 +0000 https://www.advisor.ca/?p=230237 Revenues in wealth management increased 6% year over year

The post National Bank Q3 profit edges higher, provision for credit losses also up appeared first on Advisor's Edge.

]]> Scotiabank loan growth slows on cautious approach, deposit focus https://phoenix.advisor.ca/news/industry-news/scotiabank-loan-growth-slows-on-cautious-approach-deposit-focus/ Tue, 29 Aug 2023 18:09:31 +0000 https://www.advisor.ca/?p=230205 The bank's wealth management profits declined from the previous quarter

The post Scotiabank loan growth slows on cautious approach, deposit focus appeared first on Advisor's Edge.

]]> BMO earnings hit by severance, legal costs as it focuses on containing expenses https://phoenix.advisor.ca/news/industry-news/bmo-earnings-hit-by-severance-legal-costs-as-it-focuses-on-containing-expenses/ Tue, 29 Aug 2023 17:17:00 +0000 https://www.advisor.ca/?p=230199 Costs related to layoffs totalled $223 million, though the bank didn't disclose the number of employees let go

The post BMO earnings hit by severance, legal costs as it focuses on containing expenses appeared first on Advisor's Edge.

]]> RBC reports $3.9B profit, says ramping up job cuts ahead of economic slowdown https://phoenix.advisor.ca/news/industry-news/rbc-reports-3-9b-profit-says-ramping-up-job-cuts-ahead-of-economic-slowdown/ Thu, 24 Aug 2023 19:36:53 +0000 https://www.advisor.ca/?p=230094 The warning about cuts follows the bank's trimming of 1% of full-time equivalent employees in Q3

The post RBC reports $3.9B profit, says ramping up job cuts ahead of economic slowdown appeared first on Advisor's Edge.

]]> TD Bank Group discloses U.S. regulatory inquiry into compliance practices https://phoenix.advisor.ca/news/industry-news/td-reports-profits-down-rolls-out-expanded-share-buyback-program/ Thu, 24 Aug 2023 18:48:29 +0000 https://www.advisor.ca/?p=230088 The bank also reported lower profits and rolled out an expanded share buyback program

The post TD Bank Group discloses U.S. regulatory inquiry into compliance practices appeared first on Advisor's Edge.

]]> Advocis addresses liquidity after poor 2022 results https://phoenix.advisor.ca/news/industry-news/advocis-addresses-liquidity-after-poor-2022-results/ Thu, 24 Aug 2023 18:29:38 +0000 https://www.advisor.ca/?p=229898 The association extended its line of credit, got a loan and tapped into its $5.5-million reserve fund

The post Advocis addresses liquidity after poor 2022 results appeared first on Advisor's Edge.

]]> Quebec fund manager CDPQ reports 4.2% return in first six months of 2023 https://phoenix.advisor.ca/news/industry-news/quebec-fund-manager-cdpq-reports-4-2-return-in-first-six-months-of-2023/ Wed, 16 Aug 2023 16:47:03 +0000 https://www.advisor.ca/?p=229765 Net assets totalled $424 billion on June 30

The post Quebec fund manager CDPQ reports 4.2% return in first six months of 2023 appeared first on Advisor's Edge.

]]>