Scotia Bank Got Harper's Tax Cut - Have Made $5.7 B Profit So Far In 2014 AND NOW WILL CUT 1500 Jobs!!
Here is how things are working in Stephen Harper's corporate paradise .. formerly known as 'Canada' ....
"TORONTO - Scotiabank (TSX:BNS) warns that it's cutting the equivalent of 1,500 jobs companywide — about two-thirds of them in Canada [...] Despite the magnitude of the announcement, the bank said it remains on track to meet its 2014 financial objectives. Like Canada's other major banks, Scotiabank has been extremely profitable — with a total $5.57 billion of net profit in the first three quarters of 2014.
"Today's announcement is a result of making some difficult but necessary decisions to support our long-term goals," said Brian Porter, Scotiabank's president and chief executive officer.
Montreal Gazette
Well, that's it for me then. I got to Scotiabank through its takeover of National Trust. I guess it's time to move my accounts over to the credit union.
Posted by
The Mound of Sound |
12:52 pm, November 04, 2014