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TD Bank Group raised its dividend as it reported its fourth-quarter profit fell compared with a year ago, weighed down by one-time restructuring charges. The bank says it will pay a quarterly dividend of $1.08 per share, up from $1.05 per share. TD says its profit amounted to $3.28 billion or $1.82 per diluted share for the quarter ended Oct. 31, compared with a profit of $3.64 billion or $1.97 per diluted share a year ago. On an adjusted basis, TD says it earned $2.18 per diluted share for its latest quarter, up from an adjusted profit of $1.72 per diluted share in the same quarter last year. Revenue for the quarter totalled $15.49 billion, down from $15.51 billion a year ago, while the bank’s provision for credit losses amounted to $982 million, down from $1.11 billion in the same quarter last year. Analysts on average had expected an adjusted profit of $2.03 per share, according to estimates compiled by LSEG Data & Analytics.  This report by The Canadian Press was first published Dec. 4, 2025.

CIBC raised its dividend as it reported a fourth-quarter profit of $2.18 billion, up from $1.88 billion a year ago. The bank says it will now pay quarterly dividend of $1.07 per share, up from 97 cents per share. CIBC says its profit for the quarter ended Oct. 31 amounted to $2.20 per diluted share, up from $1.90 per diluted share a year ago. Revenue for the quarter totalled $7.58 billion, up from $6.62 billion, while the bank’s provision for credit losses amounted to $605 million, up from $419 million a year ago. On an adjusted basis, CIBC says it earned $2.21 per diluted share, up from an adjusted profit of $1.91 per diluted share in the same quarter last year. Analysts on average had expected an adjusted profit of $2.08 per share, according to estimates compiled by LSEG Data & Analytics.    This report by The Canadian Press was first published Dec. 4, 2025.

– BMO Financial Group raised its dividend as it reported a fourth-quarter profit of $2.30 billion. The bank says it will now pay a quarterly dividend of $1.67 per share, an increase of four cents per share. BMO says its profit amounted to $2.97 per diluted share for the quarter ended Oct. 31 compared with a profit of $2.30 billion or $2.94 per diluted share a year ago when it had more shares outstanding. Revenue for the quarter totalled $9.34 billion, up from $8.96 billion last year, while the bank’s provision for credit losses totalled $755 million, down from $1.52 billion a year ago. On an adjusted basis, BMO says it earned $3.28 per diluted share, up from an adjusted profit of $1.90 per diluted in the same quarter last year. Analysts on average had expected an adjusted profit of $3.03 per share, according to estimates compiled by LSEG Data & Analytics.

 National Bank of Canada raised its dividend as it reported a fourth-quarter profit of $1.06 billion. The bank says it will now pay a quarterly dividend of $1.24 per share, an increase of six cents. National Bank, which announced Tuesday that it was buying Laurentian Bank’s retail and small business segments, says its fourth-quarter profit amounted to $2.57 per diluted, compared with net income of $955 million or $2.66 per diluted a year ago when it had fewer shares outstanding. Revenue for the quarter ended Oct. 31 totaled $3.70 billion, up from $2.94 billion a year earlier. On an adjusted basis, National Bank says it earned $2.82 per diluted share in its latest quarter, up from an adjusted profit of $2.58 per diluted share in the same quarter last year. Analysts on average had expected an adjusted profit of $2.62 per share, according to estimates compiled by LSEG Data & Analytics.

Royal Bank of Canada increased its quarterly dividend as the bank reported its fourth-quarter profit rose compared with a year ago. The bank says it will now pay a quarterly dividend of $1.64 per share, up from $1.54 per share. The increased payment to shareholders came as RBC reported net income of $5.43 billion or $3.76 per diluted share for the quarter ended Oct. 31, up from a profit of $4.22 billion or $2.91 per diluted share a year ago. Revenue totalled $17.21 billion, up from $15.07 billion in the same quarter last year, while its provisions for credit losses amounted to $1.01 billion, up from $840 million a year ago. On an adjusted basis, RBC says it earned $3.85 per diluted share in its latest quarter, up from an adjusted profit of $3.07 per diluted share in the same quarter last year. Analysts on average had expected an adjusted profit of $3.53 per share, according to estimates compiled by LSEG Data & Analytics. This report by The Canadian Press was first published Dec. 3, 2025.

Telus Inc. T-T +2.90%increase is pausing its dividend growth until its “share price reflects growth prospects,” the company said in a release Wednesday morning.

The company’s stock price was tradingat $18.27on the Toronto Stock Exchange as of market close on Tuesday,down 6.9 per cent year-to-date and 17 per cent from this time last year, on concerns about the company’s debt load.

The pause is a divergence from Telus’s previous plan to continue mounting the dividend payout but at a slower rate. In May, the company reduced its dividend growth target to between 3-per-cent and 8-per-cent growth annually from 2026 to 2028.

Now, the company will continue to pay its quarterly dividend at the most recent level of $0.41 per share, “until such time as our share price and associated dividend yield better reflects the considerable growth prospects of Telus,” said chief executive officer Darren Entwistle, in the release.

Pausing dividend growth will help Telus reach its leverage goals of three times net-debt-to-earnings before interest, taxes, depreciation and amortization by the end of 2027, the company said. Telus had $25.7-billion in long-term debt as of Sept. 30.

The move comes after suggestions from some analysts that the telecom company’s dividend payout growth plan was unsustainable.

Andrew Willis: Telus needs to kick its addiction to dividend hikes

In a recent interview, Telus chief financial officer Doug French said the company expects to end 2025 with a cash-flow payout ratio of about 75 per cent, and to remain close to that ratio in the coming years.

However, analysts from J.P. Morgan and Veritas Investment Research calculated the figures differently, saying they viewed that ratio as remaining above 100 per cent for the next few years.

In a note to investors Wednesday morning, CIBC director of institutional equity sales Veleyny Saavedra said the move “should act as a clearing event for the market,” and would position the company well for long-term value creation.

“We see them as incrementally positive and expect the Street to react favorably,” she said.

This is the second telecom company to attract attention this year because of its dividend. In May, BCE halved its dividend payout – which at the time had a yield of 13 per cent, widely seen as unsustainable – in order to allocate that cash elsewhere.

Scotiabank says it earned $2.21 billion in net income for its fourth quarter, up from $1.69 billion in the same quarter last year. The bank says the profit amounted to $1.65 per diluted share for the quarter ended Oct. 31, up from $1.22 per diluted share in the same period a year ago. Revenue totalled $9.80 billion, up from $8.53 billion in the same quarter last year. The bank’s provision for credit losses amounted to $1.11 billion for the quarter, up from $1.03 billion a year ago. On an adjusted basis, Scotiabank says it earned $1.93 per diluted share in its latest quarter, up from an adjusted profit of $1.57 per diluted share a year ago. Analysts on average had expected an adjusted profit of $1.84, according to estimates compiled by LSEG Data & Analytics. This report by The Canadian Press was first published Dec. 2, 2025.

Shopify Inc. says it is investigating as some merchants encounter error messages amid the busy Cyber Monday shopping blitz. Its online dashboard says merchants may experience issues when trying to login to Shopify, or while attempting to contact Shopify Support. Some merchants may also encounter problems with point-of-sale checkouts due to not being able to access point-of-sale systems. The issues first arose around 9:45 a.m. ET, with Shopify later saying it continues to investigate and “apply mitigations.” The company says that to help avoid complications, merchants should remain logged in on any devices that are currently logged in. Digital sales have remained strong this holiday season, with a new report by Salesforce showing that Canadian online sales for the weekend following Black Friday were up nine per cent compared with a year ago.

As of December 1, 2025, the major Canadian banks (often called the “Big 6”) are entering their fiscal Q4 2025 earnings season, which covers results for the period ending October/November 2025. These dates are based on confirmed announcements from company investor relations pages, analyst reports, and financial calendars. Releases typically occur before market open (Eastern Time), followed by conference calls later in the day.

Earnings season kicks off this week, with all reports expected between December 2–5, 2025. Analysts anticipate strong overall results (e.g., ~24% YoY EPS growth for the group), driven by lower provisions for credit losses and resilient loan growth, though TD Bank faces headwinds from U.S. regulatory issues. Note: Dates can shift slightly; always verify on the company’s IR site.

Earnings Schedule Table

Bank	Ticker (TSX)	Earnings Date	Time (ET)	Key Notes
Bank of Nova Scotia (Scotiabank)	BNS	December 2, 2025 (Tuesday)	Before Open	Kicks off season; focus on international ops and credit losses.
Royal Bank of Canada (RBC)	RY	December 3, 2025 (Wednesday)	Before Open	Consensus EPS: C$3.55; record Q3 momentum expected to continue.
National Bank of Canada	NA	December 3, 2025 (Wednesday)	Before Open	Smaller peer; may lag group on growth but strong in Quebec market.
Toronto-Dominion Bank (TD)	TD	December 4, 2025 (Thursday)	Before Open	EPS forecast: ~C$2.00; U.S. retail weakness a watch point.
Canadian Imperial Bank of Commerce (CIBC)	CM	December 4, 2025 (Thursday)	~5:30 AM	EPS forecast: C$2.05; emphasis on digital banking and capital strength.
Bank of Montreal (BMO)	BMO	December 4, 2025 (Thursday)	Before Open	Potential beat on U.S. ops; group-high expectations for positive surprises.

Additional Context

• Overall Outlook: Banks are “priced for perfection” at ~13x forward P/E (above 20-year avg of 10.5x), so beats could drive 5-10% stock pops, while misses may pressure shares amid economic uncertainty (e.g., 6.9% unemployment). Focus areas: Credit loss provisions (expected to ease), loan growth (subdued but stabilizing), and 2026 guidance.
• Where to Watch Live: Company IR sites (e.g., rbc.com/investor-relations), Yahoo Finance Earnings Calendar, or BNN Bloomberg for calls.
• Historical Note: Last year (Q4 2024), results were mixed with beats from RBC/Scotiabank but misses at TD/CIBC; executives braced for “cautious optimism” in 2025.