Canadian banks report strong first quarter

Canada’s banks have begun reporting their first quarter results and continue to show strength, particularly in their international operations.

BMO’s net income was $1.53 billion ($2.28 per share), beating expectations of analysts polled by Reuters. For the same quarter a year earlier net income was $1.75 per share. Its capital markets and wealth management units saw particular strength.

Meanwhile, Bank of Nova Scotia reported net income of $2 billion ($1.58 per share), up from $1.81 billion ($1.44) for the same period of 2016. It was around the level expected by analysts and was driven by a strong showing for its international business.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release

Poll

Do you invest in commercial properties?