Record bank profits reveals pandemic’s economic winners and losers

Record bank profits reveals pandemic’s economic winners and losers

Today, RBC and the National Bank released their third-quarter profits, which came in at $4.3 and $2.3 billion, up from $3.2 billion and $2.0 billion in the same quarter last year, respectively. These immense profits made by Canada’s largest financial institutions are yet another example of how Canada’s wealthiest individuals and corporations have benefitted from the pandemic, while so many…