CALGARY — First Calgary Financial has recorded its 78th consecutive profitable quarter.
For the first three months ending January 31, First Calgary Financial said unaudited adjusted net income from operations before taxes was $3.76 million, down from $4.93 million for the first three months of fiscal 2012.
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CF Industries posted a record $1.8-billion profit in 2012 – a 20 per cent increase from the previous year – thanks to record sales and volumes in the past 12 months, according to financial statements released Wednesday.
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CALGARY — First Calgary Financial has recorded its best result in its 76-year history with profits increasing by 40 per cent in 2012.
In the fiscal year which ended October 31, loans grew by $144.5 million, or 5.97 per cent, and deposits grew by $227.5 million, or 8.93 per cent. Adjusted net earnings from operations, before taxes, reached $15.4 million compared with $10.9 million in 2011.
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Bank of Nova Scotia had $1.5 billion of net income for the fourth quarter, a 31 per cent increase over the same time last year that took Scotiabank to a record annual profit.
The report ends a strong quarterly earnings season for Canada’s big banks, which all showed higher profits than many analysts anticipated.
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TORONTO — TD Bank Financial Group (TSX: TD) is buying the U.S.-based Epoch investment management business for US$668 million in cash, a relatively modest amount for one of Canada’s biggest banking groups.
The purchase was announced as TD released its fourth-quarter and full-year results for 2012. TD reported it had $1.6 billion of net income in the fourth quarter, bringing the total for year ended Oct. 31 to $6.47 billion.
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TORONTO – The Bank of Montreal (TSX:BMO) has reported a big increase in quarterly and annual profit, beating analyst estimates by a wide margin.
For the fourth quarter ended Oct. 31, BMO had a $1.08-billion profit in the fourth quarter, a 41 per cent increase over the same time last year. That amounted to $1.59 per share of net earnings before adjustments.
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While the financial industry is expected to face headwinds in 2013, we are confident in our ability to weather these challenges given our strong financial and competitive position
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Calgary- The bumper crop some local producers were hoping for this fall didn’t quite materialize, but a new report suggests Canadian farmers are doing better than they have in a long time.
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