Scotia Capital's Preview of Cdn Bank Q1 2006 Earnings

Earnings Growth 4.3% YOY - Led by TD and RY� Our first quarter earnings estimates are highlighted in Exhibit 1. First quarter bank earnings are expected to be up 4.3% year over year and 1.3% sequentially. TD and RY are expected to lead in earnings growth at 8% and 7%, respectively, with CM and NA actually forecast for a 3% decline in earnings.� First quarter bank earnings are expected to be