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Canada's five biggest banks earn combined $5.09 billion in first quarter

TORONTO - Canada's five biggest banks saw their profits soar by nearly two-thirds in the latest quarter ended Jan. 31. Some facts:

TORONTO - Canada's five biggest banks saw their profits soar by nearly two-thirds in the latest quarter ended Jan. 31. Some facts:

Bank of Montreal: Earned $657 million, up from $225 million.

Bank of Nova Scotia: $988 million, up from $842 million.

TD Bank: $1.3 billion, about double last year's $653 million

Royal Bank: $1.5 billion, up from $1.1 billion

CIBC: $652 million, up from $147 million.

Total: $5.09 billion, up from $2.97 billion.

 
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