Thread: The GTA Economy
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  #24  
Old Posted Jan 27, 2012, 7:01 PM
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Andrewjm3D Andrewjm3D is offline
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Quote:
Originally Posted by LeftCoaster View Post
Did you even read this example I gave? I never said the banks were not diverse:
Yes I saw your post, and even you just proved in it that the energy sector does not represent the lions share of growth or performance at the banks. Why is it so tough for you to see that the reason the big banks are doing well and have remained strong is that they've managed to keep a well diversified portfolio of investments. 1000 or 2000 new jobs a year is great but even still that represents only about 3%-6% of the new workforce entering the the city. That number is based on Toronto's roughly 100,000 new residence each year and if only half of them find work.
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