The financial sector led the way, StatsCan says
The bank reported a profit of nearly $2.33 billion in Q1
The proportion of Canadians living below the poverty line decreased
The bank enjoyed record earnings in its capital markets division
The firm's 'belt-tightening' and increased retail sales helped offset net redemptions
Net income was up 24% in the quarter, matching analyst expectations
The Toronto-based insurer is boosting its dividend by 12%
The firm's global wealth management operations earned revenue of $128.4 million in the quarter, a 10.7% increase
Wall Street analysts expect the profits of S&P 500 companies to continue falling
The rating agency expects mounting challenges to bank earnings