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.
Boy there’s a surprise, the businesses that hold your money without paying you any interest while also investing that money, and lending that money (with interest), are doing just fine.