I'm a big fan. Or rather, I was
. The profitability of those "Big 5" banks is the closest thing to a sure bet in investing I've ever seen.
But I cannot any longer ignore the unethical
way that these banks treat their customers. It's been going on for years. Tonight on CBC's The National
, I saw a news story that "broke the camel's back." And their customers = 90% of all money on deposit in Canada. Now, despite MAKING A PROFIT during the Covid ordeal, they are raising minimums in order for customers to avoid paying fees, and raising the fees, as well. And add to this, the fact that in-person service has been cut back to a bare-bones level. On this basis, I will not be buying. Until there is a sea-change, somehow. https://www.cbc.ca/news/business/bank-fee-increases-1.6032824