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“It’s sunny outside, but I don’t think just because it’s sunny, you’re going to see a real spring-back in mortgage originations,” Neil McLaughlin, head of personal and commercial banking at Royal Bank of Canada, said at a conference Wednesday.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
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Even the banks here are clueless. The Canadian people are broke, taxes to death by the liberals, and most can barely make the Interest payments after the bank rises them to historic levels. All while giving millions away while our vets struggle. FFS.
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RBC sees sluggish start to Canada's spring housing marketRoyal Bank of Canada says higher interest rates will keep many homebuyers out of the market this spring, despite a drop in prices. Read on. No worries, the foreign students & satellite families will fill the gap. Soon we will have most Canadians homeless and Xi's army buying up CRE.
Source: financialpost - 🏆 7. / 85 Read more »
RBC sees sluggish start to Canada's spring housing market - BNN BloombergCanada’s largest bank is expecting a slow start to the spring housing market as higher interest rates keep many buyers out, despite a drop in prices. Lol what drop in price? If you just did your taxes you would have been prompted for disclosing Foreign Property Ownership. Hands in your pocket. As a permanent resident you would not have this question asked at all.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Bank of Canada says it is ‘ready to act’ in event of extreme market stressBank of Canada Deputy Governor Toni Gravelle said the central bank’s quantitative tightening program will have run its course by the first half of 2025 Are they going to take out Trudeau and Freeland ? Keep cranking that interest rate up. Rates need to rise up and above the current inflation rate. Take warning. ⚠️
Source: globeandmail - 🏆 5. / 92 Read more »
Bank of Canada 'ready to act' in event of extreme market stressThe Bank of Canada said it was ready to step in with support if the banking system came under severe strain. Find out more bend over taxpayers. foreign investors have needs Both of those banks went woke instead of taking care of real business. They went broke. Any banks that are flogging DEI, ESGs and SDGs needs to be examined imho. Exposure to directed funds like that is dangerous. ooooOoOooOooooOoh they are stressing alright, I work for a major bank in Toronto and the meetings I have been privy to are not a good sign of things to come...
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Bank of Canada 'ready to act' in event of extreme market stressThe Bank of Canada said it was ready to step in with support if the banking system came under severe strain. Find out more
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