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RBC analyst Darko Mihelic chopped his profit forecast on five major Canadian lenders, citing a dearth of deals. The dollar value of mergers and acquisitions handled by the country’s largest banks likely dropped 77 per cent in the fiscal third quarter compared with a year ago, Mihelic calculated, based on data compiled by Bloomberg.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
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Posthaste: Housing market faces 'bumpy' road amid high interest rates, RBC saysThe Bank of Canada\u0027s latest interest rate hikes put the brakes on the housing market rebound in many cities, RBC says. Find out more.
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