CIBC is the first of the big banks scheduled to report its latest results with data out Wednesday
The company’s Q1 profit more than doubled to a record $525 million
The insurer will increase its quarterly common share dividend by 2¢
The implementation of the new accounting standard will alter the timing of how commission expenses are recognized
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
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%
Canadian banks wrap up solid quarter
Bank welcomes federal cybersecurity spending
Banks helped by brisk business in Latin America and the United States