The Financial Post reports in its Friday, Sept. 1, edition that Laurentian Bank of Canada is still conducting a strategic review that could lead to a sale, but the lender gave investors no update or timeline as it reported earnings Aug. 31. A Bloomberg dispatch to the Post reports that chief executive officer Rania Llewellyn declined to answer analysts' questions about the review, which was announced July 11. Canada's ninth-largest domestic bank by market value has been working on a turnaround since 2020 under Llewellyn, a former Bank of Nova Scotia executive and the first woman to lead a publicly traded Canadian bank. Ms. Llewellyn said: "It's business as usual. And once the review is completed, that's when we'll be providing additional comments." Laurentian shares finished Thursday in Toronto at $36.75. That is well below the book value of $59.30, or $2.6-billion, as of July 31. Last month, the Globe and Mail reported that Scotiabank and Toronto-Dominion Bank withdrew from the list of potential bidders. Several analysts had seen them as top contenders to acquire Laurentian. Among Canada's Big Six banks, Montreal-based National Bank of Canada is seen as a possible suitor for Laurentian.