Canadian banks TD, CIBC quarterly profits top expectations
By John Tilak TORONTO (Reuters) - Toronto Dominion Bank and Canadian Imperial Bank of Commerce on Thursday posted forecast-topping quarterly profits on robust growth in their domestic retail businesses even as both became the latest Canadian lenders to record jumps in bad loans tied to the energy sector. CIBC, Canada's fifth-largest bank, also raised its quarterly dividend, and its stock rose nearly 6 percent. Fears about how the energy industry slowdown would affect Canadian lenders and worries
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