For the past decade and a little bit longer, Canadian Banks have been a model of stable growth and security for investors. Their profits grow at the same rhythm as their dividend growth and they never jeopardized their financial health for the sake of investors’ greed. They were accused of being boring and conservative for several years until the market crashed in 2008. At that time, Canadians banks rose in the rankings to the top of the world’s safest banks as they found the perfect balance between security and profitability. If banks are the heart of an economy, it appears that Canada has the most solid blood pumping machine on the planet.
Canadian Banks Were the Place to Be – Is it Still the Case?
