PwC: Perspectives on the Banking Industry

Investment Executive, 2 April 2007Canada�s Big Six banks overcame many challenges in 2006 to earn a combined net income of over $19 billion � 50% higher than 2005 according to Canadian Banks 2007, PricewaterhouseCoopers� annual review of the banking industry.�Canadian banks showed they can prosper in the face of change in 2006. The year was a challenge on several fronts but they still turned in