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In this video we'll look at how the Big5 Canadian banks are resisting against new taxes. We'll also go over how Rogers has been purchased to share its Toronto Subway 5G protection with its rivals. Plus, Smucker's is purchasing Person hosting, Oracle reports earnings, and McDonald's is removing self-serve beverage stations from its U.S. places.
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Thanks Marc. Yes, I think banks are unfairly taxed at this time.
Unfair lol banks have so many hidden fees and charging you to access your own funds and if ya go over your aloted transactions more fees. If you try to transfer out rrsp tfsa more fees about 150/$ depending on the big 6 wow
I pay 0 fees to both Scotia and RBC, so, I’m happy.
I agree! They ARE unfairly taxed! They should pay more!
It’s really a tax on Canadians. We own the banks in our pensions and registered accounts directly and indirectly. This is placate the financially illiterate public skin to blaming higher gas prices on oil companies when in reality it’s the government making it cost as much as it does.
Absolutely almost all Canadians own the banks stocks directly or indirectly and it is definitely a tax on all Canadians especially on the middle class people which put their hard earned money on the most reliable companies of Canada.
Great video ty😂❤
I’m with one of the big banks and they take $11-ish per month to keep a normal account open. In my opinion they did it to themselves.
I would say change your bank.
Yep $16 a month at TD
Hi Marc, i think they can give the banks im invested in a break and tax the others. 😅🎉
I feel very sorry for the banks that they make so much money that it get’s the attention of the government and CRA. It must be hard sleeping at night for all the poor bankers. Now I will sleep poorly too, I am so upset for their plight.
Think, who owns the Banks ?
It us the shares olders, so the gouvernement will reduce the profit of the Banks so it will reflect on our shares price.
@INCO yes,I know. I’m just poking them with a little sarcasm.
I love the Hostess ‘healthy breakfast options’.
I don’t see an issue, they always pass on any expenses to their clients…
Thank you for an informative report.
Tax banks all you want, at the end of the day the cost will be transferred down to consumers which is us…
Are banks a buys now? hold or dump? I’m off about 10% this ytd.
The bank tax was just another half baked idea from this gov’t. Pretty frustrating watching all the mistakes they’ve made.
I liked your description.of the smuckers and hostess offerings with kid themed names amidst a bleak topic discussion
People really think taxing the banks will help people? They just gonna up theirs prices to refill the bill to customers xd.
People need to understand that taxing revenu just keep poor people more poorer, because they cant diversified theyre revenue stream.
People should also stop winning about big banks fees, its not 1990 anymore. We have choices now use EQB bank, wealthsimple, goeasy, etc.
If the majority swtiches, they’ll adapt.
Just call all taxes on banks as ‘Service Fees’
Then, they will understand!
Thanks for the info 👍
Keep the news flowing Marc 🙂
Par for the course for this government. Spend more than they have then take from those who were responsible. Drives me crazy.
More taxes….ugh. Say what you will about banks, their services affect us all and therefor we will all feel it indirectly and I guess if you are a shareholder pretty directly.
This country need a business/entrepreneurial renaissance not more taxes from government that I don’t have the slightest confidence will spend wisely.
Thanks Marc good coverage as always.
It’s irritating when going into a MacDonald’s and waiting to get served, because they prioritize the drive through. Pop, is such a high margin product. It’s funny, that they put the pop dispensers, back behind the counter, apparently customers were abusing the privilege.