on Thursday posted higher quarterly profit, lifted by strong performance in its Canadian Personal and Commercial Banking business.
Canada’s second-largest lender reported an overall net profit of $1.6-billion, or $0.82 a share, down from $3.7-billion, or $2.02 per share, a year ago.
So banks with record profits, grocery stores with record profits, telecommunication companies with record profits but regular Canadians defaulting on loans and the highest household debt ever, with no choice but to pay inflation on everything and very high interest rates.