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.

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[–] k0e3@lemmy.ca 17 points 1 month ago (1 children)

Thank goodness. I wouldn't be able to sleep at night if I knew those poor bankers went hungry. I hope the current economic turmoil didn't startle them too much.

[–] Reannlegge@lemmy.ca 8 points 1 month ago

Yeah those bankers must be so glad they can put food on the table! 🤪

[–] gramie@lemmy.ca 12 points 1 month ago (2 children)

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.

[–] CapuccinoCoretto@lemmy.world 2 points 1 month ago

In kapitalist kanada, banks rob you!

[–] Rooster326@programming.dev 1 points 1 month ago

In 2007 and 2008

[–] dudesss@lemmy.ca 8 points 1 month ago* (last edited 1 month ago)

Contact your Credit Union

[–] nik282000@lemmy.ca 6 points 1 month ago* (last edited 1 month ago)

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.