Yeah, I know I told you I was coming back with a good article for Wednesday, I needed extra time to finish it. You won’t be disappointed!
Last week, Canadians Banks were posting record profits beating all analysts’ expectations. 2012 will probably one of the most (if not the most) profitable year in the Canadian Banking Industry. Combined together, they racked up $8.2B in profit. This is huge considering the underwhelming economic environment. Definitely, the Canadian economy seems to be under the umbrella of the financial Gods as it quickly recovered from 2008 and hasn’t looked back since.