The firm said it will continue to grow its wealth management business
MassMutual business contributed to the results
After taking full ownership of Richardson Wealth, the firm now has $34 billion in assets under administration
Expected profit on in-force business also fell by 4%
Sales were up in iA’s individual insurance and wealth management divisions
While results were largely stronger than a year ago, quarter-over-quarter earnings were down for 16 firms
The firm said it will continue to focus on recruitment and organic growth
The bank continued a trend that saw Canada's large banks report better-than-expected results
Government relief diminished the need for banks’ massive loan loss reserves
The bank’s loan loss provisions fell to $496 million compared with $1.85 billion a year ago