Archive: [ https://archive.ph/313FV ]
The lenders have benefited from “a positive halo effect” from a “resource-rich economy, pro-business Carney government,” Bank of America analyst Ebrahim H. Poonawala said in a note. Those factors encouraged investors to look past Canada’s challenged job and housing markets, as well as uncertainty over the coming renegotiation of the United States-Mexico-Canada Agreement, he added.
When have the big banks not reported healthy profits? They (with their political flunkeys) have created a system which has been designed to allow them to extract large amounts of money from the Canadian public with little or no risk.
In kapitalist kanada, banks rob you!