The big banks are starting to feel pain as a result of low oil prices and may have to cut dividends or raise more capital
Management aims to position the firm for growth
Both banks increase their quarterly dividends
Volatility in energy prices could make it difficult for the company to meet its core profit goal of $4 billion this year
Canada's Big Six banks continue to churn out profits, but things aren't as rosy for the rest of the financial services sector
Core Canadian retail banking arm up 15%
Insurer reports double-digit growth in insurance sales and positive net flows in wealth and asset management businesses
Improvement in commodities prices, better GDP and the benefits of a weaker Canadian dollar on foreign earnings will have a positive impact, CIBC World Markets report suggests
The bank also announced it will take a restructuring charge of up to $200 million in the fourth quarter
But net income in Q3 2015 was down by almost 20% to $14.8 million