Payday Lending & Remittances

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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.

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