Profitability under pressure from struggling Canadian economy, low interest rates
AUM rise to $36.7 billion
Asset manager hikes dividend again
Q4 profit drops due to unusual items
Wealth management sales up 32 per cent
The firm's acquisition of State Farm Canada's life and health insurance operations has also closed
However, the culprit of the loss, investment-banking revenue, was also responsible for full year gains in revenue and net income in 2014
Wealth management profits increase 12 per cent
Outside of these two sectors, corporate Canada’s operating profits were up 1.9% during the quarter
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