Canada’s Big Six banks are doing very well financially – their stocks are up an average of 62 per cent over the past year. In previous years, five or 10 per cent increases would be considered good for the banks. Financial reporter and columnist Tim Kiladze says this development is “absurd” and “baffling”.
Today, Tim explains why the banks are doing so well. (Spoiler alert: it’s connected to a red-hot stock market.) He’ll talk about whether this rise will last, the risks and what it says about the health of Canada’s economy.
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