The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: Sticking with International, the margin was up. There was a bit of a headwind from mix. And I know mortgage growth, commercial growth is
outpacing other categories. But I also want to revisit the whole strategy to downsize or exit certain lending activities. And if we can talk a bit about
exactly what those are, how big they are and what sort of financial impact you expect from them?
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: So there's nothing changing in the -- I mean, I thought I heard last quarter, there was some -- and I wanted to revisit that?
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: Okay. All right. I thought it could be something more substantial, but that's not the case.
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: Glen, it was mentioned that there is some work getting done with Global Wealth and Canadian Banking to generate some, I guess, some new
business opportunities. Are there such opportunities also that you could talk about in the International Banking segment between the International
Wealth? And then maybe give us an update on plans to add some capabilities, maybe acquire some capabilities in the U.S. Where are you on that
filletfile?
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: And Glen, just to be abundantly clear, some of the opportunities you were talking about with the International segment, for example, is that
contingent on a U.S. capability or will the U.S. capability be additive to that?
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