Canada’s biggest banks earn $7.63 billion

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Q3 profits slide.

Strength on the capital markets helped most of the country’s biggest banks report improved third-quarter results, but combined profits at the top five banks slipped to $7.63 billion.

A year ago, Canada’s big banks — Royal Bank, TD Bank, Scotiabank, CIBC and Bank of Montreal combined to earn $7.8 billion in the same period.

The decline was due to lower third-quarter earnings at Scotiabank and TD Bank.