Canada's bankers face the bleakest bonus year in almost a decade

Canada's bankers face the bleakest bonus year in almost a decade.

I love the Canadian banks in terms of their shareholder friendliness and how they are managed conservatively. Canadian Banks are preparing well for a potential downturn if it does occur by cutting costs and increasing efficiency. They have also diversified their business over last 15 years with US exposure and going into new avenues of growth including wealth management.

They all pay 50% of earnings mostly as dividend and do some share buybacks and invest the rest in growth. They also innovate and adopt tech quickly so that they don’t get disrupted. They have done the same for last 100 years.

Canada's bankers face the bleakest bonus year in almost a decade