Friday, September 1, 2006

Banks' Profit Growth Seen Slowing

Reuters, Lynne Olver, 1 September 2006Third-quarter results at most of Canada's Big Six chartered banks easily blew past market expectations, but analysts expect double-digit profit growth to cool as near-perfect conditions become less favorable.The stream of reports for the May-July period wrapped up on Thursday with results from Canadian Imperial Bank of Commerce and National Bank of Canada .

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