News

Jacobin: Despite Record Profits for Canada’s Big Banks, Customer Fees Keep Going Up

Posted December 15, 2021

Christmas is coming early for Canada’s bankers.

The six largest banks hit record-breaking profits in 2021 and will pay out massive bonuses at the year’s end, newly released fourth quarter earnings reports show. On the strength of a combined $57.4 billion in profits, the Big Six are paying out $18.8 billion in bonuses before the holidays.

Telegraph-Journal: New report argues power imbalance between landlords, tenants

Posted November 22, 2021

SAINT JOHN • Tiffany Sherwood has lived in five apartment buildings over the last seven years. 

Poor living conditions have forced the north-end Saint John resident from her home, she says. Now in a much bet-ter apartment situation, Sherwood is paying about $300 more per month than she can comfortably afford. 

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