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Businessman putting a US dollar coin into a bank stock illustration

While a bank failure is unlikely, the attractiveness of GICs should lead advisors to brush up on their deposit insurance knowledge

  • By: Joseph Hall
  • October 26, 2022 October 26, 2022
  • 14:46
National Bank of Canada in Toronto’s financial district; National Bank of Canada is sixth largest commercial bank in Canada.

The bank's wealth management business earned $181 million, up 10% from $164 million a year ago

RBC Bank branch stock photo

Wealth management operations earned $777 million in Q3, up year-over-year from $744 million

Growth red graph over golden coins stacks over white

Wealth management income was down in the quarter

Modern office building close up in sunlight

Industry leaders cite planning, culture, banking power to fuel advisor practices

Low angle view of Skyscrapers in downtown Toronto during the day

Financial institutions will also have to pay a one-time Canada Recovery Dividend on 2021 taxable income over $1B

Modern office building close up in sunlight

Dave McKay responded to criticism about the bank's climate strategy

changes ahead sign

Alongside Manulife Securities getting a new president and CEO, other shifts occurred

Businessman hand showing financial report on table

Laurentian Bank of Canada reported first-quarter revenue of $257.5 million

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

The fund gives investors exposure to the 10 largest Canadian banks and insurance companies