The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

First Canadian Place at right and TD Bank Towers centre and left.
First Canadian Place at right and TD Bank Towers centre and left.
(Fred Lum/The Globe and Mail)

The Big Six banks are going their separate ways

A slow yet radical shift in growth priorities at Canada’s biggest banks is threatening to break a long-standing promise to investors.

Because Canada is a small country whose banking industry isn’t subject to much foreign competition, domestic investors have long sworn by certain home-grown strategies for sound investing. At or near the top of this list: buy Canadian bank shares; hold them forever; reap the dividends.