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
More than half the companies surveyed had improved results. There were also some increases in quarterly dividends
Growth in premiums and individual insurance sales
State Farm acquisition lifts insurance operations
Standard Life acquisition results in significant increase to seg fund sales, AUM and core earnings
The firm suffered a year-over-year decline in net income and revenue, but it returned to profitability from a net loss in the previous quarter
Short-term losses were expected as the firm makes the adjustment to achieve long-term growth from in-house funds
Profit was among the firm’s “best on record” and four executives take on new responsibilities