David MacDonald is an economist for the Canadian Centre for Policy Alternatives (CCPA).
Articles by this author
Tuesday, May 01, 2012
The Big Banks’ Big Secret in Canada
The CCPA today released my report: “ The Big Banks Big Secret” which provides the first public estimates of the emergency funds taken by Canadian banks. The report bases its estimates on publicly available data from CMHC, the Office of the Superintendent of Financial Institutions, US Federal Reserve, the Bank of Canada, as well as quarterly reports from the banks themselves.