NIM (not short for nimrod) getting squeezed in Canada

There was an article posted today in the Financial Post that was headlined “End-of-the-party feel to BMO results” (see“) which continued the recent run of articles on the declining or thinning NIM of the major banks in our county. NIM stands for Net Interest Margin or basically the spread that a bank earns between the bank’s cost of money and the interest rate that they earn on lending it out to consumers and businesses.

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