Tuesday’s headlines: Canadian banks thrive while other financial centers struggle

While London and New York suffer from financial sector pink slips, Canada’ s eight biggest banks added 8,512 full-time employees in the second quarter – up 2.5 percent and making that country’s banking sector the most stable in the world, according to Bloomberg, which quotes one consultant: “They’ve been very disciplined from a cost standpoint, so if they’re hiring, obviously they have some confidence in their business.

Many of these new positions were acquired in the more than 100 acquisitions made by Canada’s biggest lenders since the wake of the financial crisis.

More good news ahead: Bank of Nova Scotia plans to add another 1,100 jobs as part of the takeover of ING’s Canadian unit and Canadian Imperial Bank of Commerce plans to hire as it opens 140 branches this weekend.

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