Canada’s Big Six outpace major U.S. banks

The “Too Big To Fail” theory for America’s largest banks was quashed during the 2008 meltdown, and reformers today claim the Big Five continue to be too big to manage, says The Toronto Star’s business columnist David Olive.

But north of the border, Canadian financial systems are outperforming those in the U.S. We continue to outpace them when it comes to both return on assets and stock-market value.

The Big Six bank’s shares are only off 9.8% over the past five years, compared with a 57.1% drop for the largest U.S. banks, says Olive.

Read more on why Canada’s Big Six are better than the U.S.’s Big Five.

Read: Canadians better than the rest

Read: Canada: Best G20 country to be a woman

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.