Centre to house bank branch
Source: The Canadian PressStrong truck sales were the main contributor as the number of new vehicles sold rose 4.2% to 134,845 in September.Statistics Canada reports preliminary industry data indicate the number of new vehicles sold remained unchanged in October.Sales of trucks (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses) increased 5.8% […]
Source: The Canadian PressKingsway Financial Services Inc. (TSX:KFS) returned to profitability in the third quarter with US$2.5 million of net income or five cents per share, the company said Friday.The Toronto-area insurance company, which reports in U.S. currency, took in less revenue from premiums but did better on underwriting losses, investments and continuing operations.It also […]
Bank says it will co-operate with OSC
Source: The Canadian PressPower Financial Corp. (TSX:PWF) said its net profits plummeted nearly 29 per cent to $323 million in the third quarter due to a litigation charge by its insurance subsidiary.The main operating arm of Montreal-based Power Corp. (TSX:POW) said it earned 42 cents per share for the three months ending Sept. 30, compared […]
Funds benefit from significant exposure to gold and silver
Increases in loans and credit card activities
Fortis Wealth acquisition expands banks presence in Asia
Source: The Canadian PressInsurance provider Great-West Lifeco Inc. (TSX: GWO) reported third-quarter net earnings of $275 million on Wednesday, down from a year-ago $445 million as it booked a big cash provision to cover the costs of a recent legal ruling against the company.Stripping out the effect of the one-time $204-million litigation provision related to […]
Source: The Canadian PressWestern Financial Group (TSX:WES) reported Wednesday a third-quarter profit of $5.1 million, up from a year-earlier $4.1 million, as revenue for the three months ended Sept. 30 jumped to $60.3 million from $40 million.The insurance and financial services firm based in High River, Alta. said its earnings amounted to six cents per […]