Net income rose by 23.2% on average among the companies in the Profit Survey
Both banks released billions from their loan-loss reserves
Improving data will enable banks and regulators to better capture climate risks in financial terms
Chief executive Brian Porter is also calling for an end to the interprovincial trade barrier
Proposed new minimum qualifying rate for uninsured mortgages will help shore up underwriting standards
The transaction is expected to close by the end of this year
Former BoC senior deputy governor will serve as external member of U.K.'s Financial Policy Committee
CIBC's CEO commented on Canada's heated housing market ahead of the bank's annual general meeting
Dave McKay also spoke at the bank's AGM about the need for a more inclusive Canadian society
Darryl White spoke at the bank's virtual annual general meeting