Q4 profit up 8% from last year to $566 million, wealth management net income up 14%
Lower growth prospects expected to reinforce Stephen Poloz’s strategy of moving very gradually on rate increases
Dow drops nearly 800 points on recession fears
Solid quarterly performance caps a “very strong year”
Provisions for credit losses rise to $264 million
Tech and consumer sectors point to start of good shopping season
U.S. stock markets closed for Thanksgiving holiday
New tax incentives to encourage investment in Canada are worth $14 billion over five years
Roughly 8% of the board’s investment portfolio is in China.
Agency can’t explain inconsistencies