Various interesting things regarding Canada

Behind the scenes, the McKinsey firm was at the heart of the management of the pandemic in Quebec.

The Legault government did not tell us everything about the role played by the consultants, who were paid $35,000 a day.



 
Canada and HSBC: for the first time in their history
For the first time in its 87-year history, the Central Bank of Canada announced that it had lost half a billion Canadian dollars.

This is reminiscent of HSBC, which in 2008 announced that for the first time in its almost 150-year history, it had lost several billion dollars in the subprime crisis. But at the same time, the same bank lent almost as much to Ukraine, read here Canada.ca, thanks to our Canadian readers. Nevertheless, this announced loss does not bode well for the months to come (next article).

Still in Canada, and still about HSBC, the latter has sold its entire Canadian subsidiary to the Royal Bank of Canada for 135 billion dollars. I recall that HSBC France sold its entire French subsidiary to the American Cerberus.

The British management of HSBC considers that it can no longer make money "as before" and, consequently, is getting rid of all its subsidiaries that do not make money.

"HSBC Canada had, as of 30 September, 4,200 employees in 130 branches in Canada, with assets of approximately $134 billion. "HSBC Canada adds a complementary client base and business in the market we know best, where we can deliver high returns and value to our clients through our financial strength and award-winning service," said RBC president and CEO Dave McKay. The transaction will also allow RBC to better penetrate the international market," read the Journal de Montréal here, thanks to our reader Mr. Cottinet.

For high returns, it is not won! We can only regret that RBC did not buy the French subsidiary, which would have been much more reassuring for customers, unlike the Yankee vulture Cerberus. Press review by Pierre Jovanovic.

Canada et HSBC: pour la première fois de leur histoire

Pour la première fois de son histoire longue de 87 ans, la Banque Centrale du Canada a annoncé avoir enregistré (une perte) d'un demi-milliard de dollars canadiens.

Cela rappelle la HSBC qui, en 2008, avait annoncé que pour la première fois de son histoire, longue de presque 150 ans, avait perdu plusieurs milliards de dollars dans la crise des subprimes. Mais en même temps, la même banque a prêté presque autant à l'Ukraine, lire ici Canada.ca, merci à nos lecteurs canadiens. Néanmoins, cette perte annoncée n'annonce rien de bon pour les mois à venir (article suivant).

Toujours au Canada, et toujours à propos de HSBC, cette dernière à vendu la totalité de sa filiale canadienne à la Royal Bank of Canada pour 135 milliards de dollars. Je rappelle que HSBC France a vendu toute sa filiale française à l'Américain Cerberus.

La direction anglaise de la HSBC estime qu'elle ne peut plus gagner de l'argent "comme avant" et, en conséquence, se débarrasse de toutes ses filiales qui ne gagnent pas d'argent.

"HSBC Canada cumulait, en date du 30 septembre, 4.200 employés au Canada réparti dans 130 succursales, avec quelque 134 milliards d'actifs. «La HSBC Canada permet d'ajouter une clientèle et des activités complémentaires sur le marché que nous connaissons le mieux et où nous pouvons offrir des rendements élevés et apporter de la valeur à nos clients grâce à notre solidité financière et à notre service primé», a expliqué le président et chef de la direction de RBC, Dave McKay. La transaction permettra aussi à RBC de mieux s'implanter sur le marché international", lire ici le Journal de Montréal, merci à notre lecteur Mr Cottinet.

Pour les rendements élevés, c'est pas gagné! On ne peut que regretter que la RBC n'ait pas acheté la filiale française, ce qui aurait été nettement plus rassurant pour les clients, contrairement au vautour yankee Cerberus. Revue de Presse par Pierre Jovanovic.
 
In Canada, a stroke occurs every five minutes

A stroke occurs every five minutes in Canada, and the number is rising, according to a new study released Tuesday.

There were 108,707 cases in the country, according to the Heart and Stroke Foundation's annual count.

The Heart + Stroke-funded study, which examined hospital and emergency room visits, highlights the need for strong systems of care and the need for better prevention.

 
This is in the news here today. Someone, let out on day release, ends up stabbing 3 people in Chinatown. And this is not this guys first rodeo. There is the obligatory fake responses from the government. A government that basically allowed this to happen.

 
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