Return on equity for Canadian banks is higher than Australia’s big four

Written by Vesna Poljak  of the Australian Financial Review.

Australia’s bank bosses fronting the parliamentary inquiry have sought to play down the returns they earn by drawing a parallel with banks in Canada, another commodity economy similar in structure.

In this respect, the big four chief executives are correct. But in reality, comparisons with Canada flatter Australian banks, in the eyes of some investors.

Read more here.

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