Profit from U.S. retail rose to $1.11 billion (Canadian), outpacing the 4.6 percent growth in Canadian retail and 24 percent gain in wholesale banking. Toronto-Dominion joins Royal Bank of Canada in beating analysts’ expectations for the quarter. Earlier Thursday, Canadian Imperial Bank of Commerce reported profit that fell short of expectations, marking the Toronto-based lender’s first miss in almost four years. His prediction was right, with non-interest expenses climbing 11 percent to $5.35 billion in the fourth quarter, compared with 5.4 percent growth in the third quarter. Get MoreNet income for the quarter ended Oct. 31 rose 9.1 percent to $2.96 billion, or $1.58 a share.

Source: thestar November 29, 2018 13:41 UTC