HSBC Holdings Plc: HSBC Bank Canada

HSBC Dept: For the second year in a row, Canada is the fifth-largest market for its parent company, HSBC Holdings Plc, which is in 80 countries and territories around the world, Gordon said. Yet Canada is only the 10th-largest economy in the world, according to Vancouver Sun. In 2011, HSBC's profits were $704 million, up 13.9 per cent from $618 million. Profits attributable to common shares - which is net income after dividends have been paid on the preferred shares - were $633 mil-lion, almost 19 per cent higher than the $531 million in 2010 and hSBC Bank Canada's focus on inter-national banking has the Vancouver-based bank expanding in Central Canada and punching above its weight, president and CEO Lindsay Gordon said Monday. So Canada is a great place to do business. And that's reflected in HSBC Bank Canada's results. (www.immigrantscanada.com). As reported in the news.