A breakdown of the big banks’ third-quarter earnings so far

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The largest banks in Canada – CIBC, TD Bank, BMO, Scotiabank, RBC and National Bank – released their third-quarter financial results this week against a backdrop of loan risks and economic slowdown

that beat analysts’ estimates on a boost in revenue from higher interest rates, even as the lender said that it expects to trim its workforce.

Canada’s largest bank said that its number of full-time employees fell 1 per cent from last quarter, and it expects to further decrease its workforce by 1 per cent to 2 per cent next quarter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines