Value of residential permits increases for third straight month
Offer values merchant bank at $32.6 million
Strength in core businesses drive bank’s revenue to $2.9 billion
Provision for credit losses nearly doubles to $521 million
Revenue climbs to $90.1 million
Major spending cuts required unless expenditures are reduced and revenues increased
Province does not expect balanced budget until at least 2014
Activity in financial services sector already starting to rebound: MacDonald
Underwriters agree to buy six million shares
Increase of 0.1% in third quarter signals end of recession