Laurentian Bank earnings slip in Q3
Air Canada, restructuring charges responsible for profit fall
- By: IE Staff
- September 2, 2003 September 2, 2003
- 07:30
Air Canada, restructuring charges responsible for profit fall
Strong growth in retail banking, wealth management
Gains based on performance of co-op and insurance groups
Net income increases 11% to $62 million, but assets down slightly
Continued expansion into the U.S. adds to bottom line
Rally runs well ahead of sales and profit growth
Increase signals beginning of recovery
Proposed code of conduct called unnecessary duplication
Tells arbitrators research settlement is not relevant
Smith fined $25,000
Bank kicks of earnings season
No specific limit on number of reps firms can employ
Prices rising for the wrong reasons, analysts say
Bank to received US$195 million
Firms rethink need for distance
Insurance licenses extended
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Firm's growth strategy remains on track
Decline in U.S. activity eases
Fed decision gives weak recovery time to gain strength
Strong institutional securities business leads second-quarter improvement