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	<title>Gene Moreau dot com &#187; financial</title>
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	<link>http://genemoreau.com/blog</link>
	<description>This is my blog.  duh.</description>
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		<title>Canadian Banking Profits Soar</title>
		<link>http://genemoreau.com/blog/2007/03/21/canadian-banking-profits-soar/</link>
		<comments>http://genemoreau.com/blog/2007/03/21/canadian-banking-profits-soar/#comments</comments>
		<pubDate>Wed, 21 Mar 2007 21:11:25 +0000</pubDate>
		<dc:creator>anothergene</dc:creator>
				<category><![CDATA[banking]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[opinion]]></category>

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		<description><![CDATA[In the first quarter of 2007 the Royal Bank of Canada claimed a profit of $1.17 billion.  Yes, that is PROFIT and BILLION.  The Canadian Imperial Bank of Canada claimed a profit of $770 Million in that same time.  Holy Fuck.  I can&#8217;t even conceive how much money that is.
I have [...]]]></description>
			<content:encoded><![CDATA[<p>In the first quarter of 2007 the Royal Bank of Canada claimed a profit of $1.17 billion.  Yes, that is PROFIT and BILLION.  The Canadian Imperial Bank of Canada claimed a profit of $770 Million in that same time.  Holy Fuck.  I can&#8217;t even conceive how much money that is.</p>
<p>I have no idea how they get away with claiming such HUGE profits and still have the gall to bone you at both ends with a $1.50 convenience fee if you use an ATM from another bank.  Convenient for whom?  Certainly not me.  Interest rates are virtually non-existent.  Every year either fees go up or services go down.  This situation is out of control.   Something needs to be done.</p>
<p>Unfortunately, I&#8217;m pretty much stuck with the RBC for another few years until my mortgage is due.  I started looking at some other options, like PC Financial.  After a quick look over what PC Financial has to offer it looks pretty good.  Maybe I&#8217;m just jaded by the RBC charging the hell out of me for every little thing, but there&#8217;s gotta be something in the fine print.  I&#8217;m gonna have to stop in and see what the poop is with &#8220;fee-free&#8221; banking and higher interest rates.  Other then the obvious of course.</p>
<p>Stay tuned.</p>
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