While the Canadian economy struggles, the Big Five Banks see a profit of $22 Billion

December 6, 2011 by · Leave a Comment
Filed under: Bank's Profits, Bankruptcy, Statistics 

In the news today: “Big banks made $22.4B in 2011.” In a nutshell:

  • Canadian Bank profit in 2011 was  $22.4 billion, 15% more than the last year.
  • Last years profit was “only” $19.5 billion.
  • One of the predominant contributors to growth was loans; the other was retail growth.

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Statistics on Canadians’ debt load

August 25, 2011 by · Leave a Comment
Filed under: debt relief, Statistics 

You are not alone!

Here are some interesting numbers from Statistics Canada. Read more

The state of Canadian household debt

August 15, 2011 by · Leave a Comment
Filed under: Statistics 

The Certified General Accountants Association of Canada (CGA) released a study in 2010 on Canadians and their debt. Read more