Canada’s five largest banks have earned a combined $5.1 billion in the third quarter profit, which is 8% more than last year. We saw the banks grow their profits as they cashed in on strong growth in mortgages, consumer and corporate loans and other retail operations. In the 2009 period, results were at $4.7 billion,

TD Bank has released their third quarter report, and has noted that their profits grew 29% in the third quarter to $1.18 billion, narrowly missing expectations. These results, which were released today were equivalent to $1.29 per diluted share for the quarter, and compare to a net income of $912 million in the same period

Scotiabank has released their third quarter reports, and it shows that their third quarter profits has risen 14% to nearly $1.1 billion, even as capital markets division was hit by the same earnings decline experiences at other Canadian banks. Scotiabank is well known as being Canada’s most international bank, and their net income was the

Bank of Montreal (BMO) reported a $669 million profit in the third quarter, which is an increase shown from the same period last year however it is still falling short of analyst expectations. BMO is the first major Canadian bank to report its third quarter results; BMO has noted that its cash earnings per share

Canadian investor behaviour is being influenced by slow economic recovery in a number of ways according to a recent Scotiabank study assessing Canadian investor’s attitudes towards investing. More than 55% of those who have been surveyed have a neutral view on the economy, which suggests a high level of lingering uncertainty. According to the Scotiabank

Majority of Canadian are feel they are strapped for cash and unable to save as much money as they would like to according to recent information from a survey. This number is nearly 2/3 of Canadian workers who are saying that they would have trouble making ends meet if their paycheques were not delivered on