CA - Canaccord Genuity Group Inc. (CCORF) Q3 2024 Earnings Call Transcript

2024-02-08 12:44:03 ET

Canaccord Genuity Group Inc. (CCORF)

Q3 2024 Earnings Conference Call

February 08, 2024, 08:00 AM ET

Company Participants

Dan Daviau - President and CEO

Don MacFayden - CFO

Conference Call Participants

Jeff Fenwick - Cormark

Rob Goff - Echelon

Stephen Boland - Raymond James

Graham Ryding - TD Securities

Presentation

Operator

Good morning ladies and gentlemen. Thank you for standing by. I'd like to welcome everyone to the Canaccord Genuity Group Inc. Fiscal 2024 Third Quarter Results Conference Call. [Operator Instructions] As a reminder, this conference call is being broadcast live, online and recorded.

I would now like to turn the conference call over to Mr. Dan Daviau, President and CEO. Please go ahead, Mr. Daviau.

Dan Daviau

Thank you, operator, and thanks to everyone joining us for today's call. As always, I'm joined by Don MacFayden, our Chief Financial Officer. Today's remarks are complementary to our earnings release, MD&A and supplemental financials, copies of, which have been made available for download on SEDAR+ and on the Investor Relations section of our website at cgf.com.

Within our update, certain reported information has been adjusted to exclude significant items, to provide a transparent and comparative view of our operating performance. These adjusted items are non-IFRS financial measures. Please refer to our notice regarding forward-looking statements, and the description of non-IFRS financial measures that appear in our Investor Relations presentation and in our MD&A.

With that, let's discuss third quarter fiscal 2024 results. During our third fiscal quarter, the major benchmark indices, enjoyed positive performances driven by increased investor confidence that we are nearing the end of the rate hiking cycle. Although global economic growth remains weak, we have been pleased to see headline and core inflation, begin to come down, and stronger corporate profits, are helping to lift stock prices....

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