This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
Banks post record profits as Bank of Canada hikes rates
Canadian banks report strong fiscal 1988 results with Royal Bank net income at 712 million up 39 percent and CIBC 591 million up 37 percent while Bank of Canada governor Crow raises rates to 11.42 percent. Critics accuse banks of profiteering amid consumer squeeze and public debt, noting Royal’s Allan Taylor blaming government debt while banks profit from debt underwriting.
MENTIONED IN THIS ARTICLE
Bank of Canada
John Crow
Crow
Royal Bank
John Cleghorn
Commerce
O-P
John Doran
Donald Fullerton
CIBC
the Royal
North America
Royal
Allan Taylor
Taylor
Canada