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TagTemporary Foreign Workers

RBC Q2 earnings hit new record $2.5billion… and they raised their bank fees.. Enough already!

greedy bankerRBC-Bank You gotta love the BANKS.  Putting out forecasts of troubled economic times, too much personal debt, housing bubbles, etc.    They seem to think it’s all bad news….  well, not for them.   They keep posting record profits year after year after year…

Yet, somehow they justify increasing our bank fees....  Well, that was going too far!   Talk about flaunting and rubbing it in our face!   This was probably one of those rare times in history when the normally reserved, conservative, polite Canadians had just about enough!   A major public and political backlash has forced the RBC to retract those fees.

But why did it take so much to for RBC to do the obvious?   I mean, come on.  You jack up fees after you report RECORD EARNINGS?  Hello!?   This is like that commercial for Hotels.com.   Captain Obvious!

RBC HIRES TEMPORARY FOREIGN WORKERS

Remember when RBC hired Temporary Foreign Workers (TFW) to replace existing Canadian jobs?  Check this out… they had their Canadian employees train the TFW and then they fired the Canadian employees!   This was just 2 years ago!

NEWS FLASH!  The BANKS are concerned about shareholder profits.  End of story!   Their loyalty is to the shareholder, not you or I.   And once you understand this, your expectations and outlook will be much different.  You will begin to question things more….. that’s a good thing.   Questions are good… there are only bad answers..  or here’s another saying…  The only bad question is the one you didn’t ask!

Your best interest is my only interest.   I reply to all questions and I welcome your comments.  Like this article?  Share with a friend.

Steve Garganis 416 224 0114 steve@mortgagenow.ca

RBC Boycott has gone viral with Facebook and twitter.

RBC-Bank It’s official.  Canadians are outraged over RBC replacing Canadian workers with foreign workers. The story broke this weekend from CBC and it’s not going away anytime soon.greedy banker

Over 5,000 comments were posted before the comments section was closed.   And now a Facebook page called ‘Boycott Royal Bank of Canada” and several twitter hashtags have popped up creating quite a buzz amongst Canadians.

RBC executives are trying to put a positive spin by saying they are trying to ‘redeploy the affected employees’.  Come on RBC, we all know what’s happening.  So let’s be very clear.  RBC is replacing current Canadian jobs with cheaper foreign labor.   The current jobs are being shipped overseas to India where labor is less expensive.   End result is a higher net profit for the RBC shareholder.   I guess 2012’s record $7billion profit just isn’t enough! Continue reading “RBC Boycott has gone viral with Facebook and twitter.”

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