Economist says Canadians are paying too much, compared to U.K. and Australia
The first-time home buyers' tax credit is unaffected
The bank reported a first-quarter profit of $2.82 billion, up from $1.58 billion a year earlier
Company says fears of impaired loans in its U.S. office portfolio have also been sorted out
The bank's wealth management arm earned $606 million, down from $830 million a year earlier
Shift report downgrades CPPIB, gives AIMCo worst grade
The bank doesn't see a pickup in Canada until later this year
Wealth management earned $240 million, up from $159 million a year earlier
But a turnaround for bank stocks isn't expected anytime soon, analysts say
Over time, the bank intends to reduce its controlling stake