BMO reporting record $2.1 billion profit for Q1. Loan loss provisions that they invented last year playing a part. When you think about only 60 working days it is truly an incredible number. Four more reporting soon.
If someone was really doing an analysis of the Canadian economy they might highlight the disproportionate amount of profit leaving the economy through Canadian banks, despite the world class accounting. Beyond the purview saves the Bank of Canada from having to enforce restrictions.
Politicians are paid as much as they are primarily to look the other way from their mutually beneficial friends business and focus on distractions like language and human rights debates. Stir the passion and numb the brain. It's pathetic.