HSBC Bank Canada, a subsidiary of HSBC Holdings plc (HSBA.L, HBC), posted Monday a fourth-quarter profit of C$118 million, compared to last year's C$102 million. The result reflects a drop in loan impairment charges and other credit risk provisions and also lower operating expenses.
Net interest income for the quarter dipped to C$393 million from C$400 million a year ago. Net fee income also declined 13.7 percent to C$157 million, while net trading income went up to C$31 million from C$24 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.