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National Bank Profit Surges 32% in Capital Markets Unit

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CAD
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National Bank of Canada's profit in its three main business lines beat analysts' estimates in the fiscal third quarter.

The Montreal-based company reported net income of C$442 million ($319 million) in its capital markets unit, a 32% increase from the same period a year earlier.

This growth marks a significant improvement for National Bank, which operates in the highly competitive Canadian banking sector.

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