What a Rise in Bank Profits Means for the Rewards Industry
Another report, another profitable quarter for the Big Banks. Apparently Canada’s top 6 banks (in alphabetical order: Bank of Montreal, CIBC, National Bank, Royal Bank, Scotiabank, TD Canada) earned a combined $10.4 billion in one quarter or a 12.6% increase from last year. I recently wrote a post about What to do in a Declining Miles and Points Industry.