Revenue of C$254.8m for the third quarter of fiscal 2011, the quarter ended December 31, 2010, compared to C$173.2 million for the same quarter last year.

Net income of C$57.3m, or $0.71 earnings per share for nine months ended December 31, 2010, compared to $31m, or $0.56 earnings per share for the corresponding period of 2009.

Revenue of C$556m for nine months of 2010, the compared to C$434.4m for the same period last year.

Canaccord Financial president and CEO Paul Reynolds said that while the investment banking team was well positioned to capitalize on the improved underwriting environment, revenue from the advisory business increased nearly 300% compared to the same period last year.