CIBC profits were up 6% from the same period last year to reach $978 million.
Meanwhile, TD Bank announced a 7.5% rise in profits to $2.3 billion.
Both banks saw stronger performances from their retail businesses, including mortgage lending.
RBC, BMO and National Bank have also reported strong profits this week and Scotiabank’s results are due Friday.
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CIBC and TD Bank are the latest mortgage lenders to announce their profits for the third quarter and they are following the trend of higher profits.