In wealth management, commission revenue was negatively affected by market performance, lower client activity
Wealth management profit was up by 24% on higher interest rates
Wealth management profits increased despite lower fee-based revenues
AUM, wealth management revenue dropped amid challenging market conditions
HSBC signalled it was looking to sell its Canadian business back in October
Anthony Ostler also called for more consumer protection in the emerging payments space
Net inflows in retail wealth management dropped by 87%
Insurance sales in Canada were up 28%
Markets will be watching the quarterly monetary policy report closely
Economists calling for a 75-basis-point hike next week