Close X
Thursday, November 14, 2024
ADVT 
National

$34.88 Billion In Profits And Other Key Numbers For Canada's Big Banks

The Canadian Press, 03 Dec, 2015 12:26 PM
    TORONTO — Despite concerns that the sluggish economy, tapped out borrowers and low interest rates could dampen the profitability of Canadian banks, the country's six biggest lenders earned a combined $34.88 billion in profits over the past year. 
     
    That's an increase of nearly five per cent and greater than the GDP of Newfoundland and Labrador.
    Here are some other facts about the banks' annual results, released this week:
     
    — Royal Bank of Canada reported $10.03 billion in profits in 2015, up 11 per cent from last year. CEO Dave McKay said it's the first time a Canadian company has crossed the $10-billion mark.
     
    — Toronto-Dominion Bank saw its annual net income grow by just under two per cent to $8.02 billion.
     
    — Scotiabank recorded $7.21 billion of profits, down roughly one per cent from fiscal 2014.
     
     
    — Bank of Montreal boosted its annual net income by nearly two per cent to $4.41 billion.
     
    — CIBC saw $3.59 billion of profit, up more than 11 per cent from last year.
     
    — National Bank increased its annual profits by five per cent to $1.62 billion.

    MORE National ARTICLES

    Suspected Dog Poisonings Prompt Investigations By Two Ontario Police Forces

    Suspected Dog Poisonings Prompt Investigations By Two Ontario Police Forces
    TORONTO — Two Ontario police forces say they're investigating what they suspect to be deliberate attempts to poison dogs.

    Suspected Dog Poisonings Prompt Investigations By Two Ontario Police Forces

    Ontario Will Not Allow Any Community Outside Toronto To Have A Land Transfer Tax

    Ontario Will Not Allow Any Community Outside Toronto To Have A Land Transfer Tax
    TORONTO — The 444 municipalities across Ontario will not be given the same power as the city of Toronto to impose a land transfer tax.

    Ontario Will Not Allow Any Community Outside Toronto To Have A Land Transfer Tax

    Now, Justin Trudeau's Liberals Must Put Money Where Mouth Is On Climate Change

    Now, Justin Trudeau's Liberals Must Put Money Where Mouth Is On Climate Change
    Prime Minister Justin Trudeau returns from an appearance at an international climate change conference with a simple question hanging over his head: What now?

    Now, Justin Trudeau's Liberals Must Put Money Where Mouth Is On Climate Change

    High Court Agrees B.C. Man's Rights Violated, But Grants Crown Appeal

    High Court Agrees B.C. Man's Rights Violated, But Grants Crown Appeal
    VANCOUVER — A new trial has been ordered for a southeastern B.C. man after the province's highest court overturned a judicial stay of proceedings in a case of criminal negligence causing death.

    High Court Agrees B.C. Man's Rights Violated, But Grants Crown Appeal

    PM Justin Trudeau Said Willing To Look At That Voting Ban For Long-Term Expats

    PM Justin Trudeau Said Willing To Look At That Voting Ban For Long-Term Expats
    In an interview from the U.K., Laura Bailey says she met Trudeau at a reception at the Canadian High Commission on Nov. 25 as he moved through the crowd and shook his hand.

    PM Justin Trudeau Said Willing To Look At That Voting Ban For Long-Term Expats

    Former Tory James Moore Opposed As Next Chancellor Of B.C. University

    The petition, posted Friday by an anonymous senator from the Prince George, B.C.-based university, had topped 1,000 signatures by early Tuesday.

    Former Tory James Moore Opposed As Next Chancellor Of B.C. University