Fourth quarter bank profits for Canada’s Big Five see record profits

January 11, 2013 by
Filed under: Bankruptcy 

While the rest of Canada talks about tightening up purse strings and hunkering down, guess who’s rolling in the dough? Canada’s five big banks. Here are their PROFITS for the fourth quarter in 2012 as announced in early December.

  • Royal Bank: $1.91 billion
  • TD: $1.6 billion
  • Canadian Imperial Bank of Commerce: $852 million
  • Bank of Montreal: $1.08 billion
  • Scotiabank: $1.5 billion

These are profits for a quarter, in other words, for a three month period. Pretty astounding eh? Please keep these numbers in mind when you feel that the rest of your life will be bogged down by a debt in the tens or even hundreds of thousand. There are solutions.

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