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Montreal downtown skyscrapers in winter

The company’s Q1 profit more than doubled to a record $525 million

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The insurer will increase its quarterly common share dividend by 2¢

Business and financial report with laptop Accounting economic

The implementation of the new accounting standard will alter the timing of how commission expenses are recognized

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The increase comes partly from growth in core earnings thanks to lower U.S. tax rates and strong growth in Asia and global wealth asset management

Magnifying glass focused an invoice with negative numbers

Canadian banks may be forced to take more provisions now that IFRS 9 has been fully introduced

Had the big banks and life insurers not taken significant charges, the average earnings gain would've been 29% rather than only 6.6%

Office buildings in Toronto’s financial district

Canadian banks wrap up solid quarter

Streets of Montreal, Canada

Bank welcomes federal cybersecurity spending

Office buildings in Toronto’s financial district

Banks helped by brisk business in Latin America and the United States

Bank of Nova Scotia main branch in Calgary, Alberta

Earnings in the bank’s international banking division rose 16% year-over-year to $667 million