"It just looks like we're getting a shifting preference in the marketplace."
Canada's Big Five banks reported a collective second-quarter profit of $10.6 billion, up nearly 11 per cent from a year ago
The Bank of Montreal joined its peers in delivering second-quarter profits
Canada sets interest rates Wednesday, and there's widespread concern about what any further borrowing-cost increases might mean for consumers, their immense pile of debt and the housing market
The lender had already prepared two years ago with its own stress tests
Still, the new standard may start affecting demand for new home loans.
Two of Canada's biggest banks reported second-quarter earnings Thursday that benefited from bigger profit margins on the back of rising interest rates, though the bump could be less pronounced in coming quarters as pressure mounts for banks to raise the interest rates they pay on deposits
Strong market and economic fundamentals in B.C. propelled RBC’s mortgage and commercial loan growth rates
After RBC and TD releases, Bank of Nova Scotia is scheduled to report results May 29, followed by Bank of Montreal and National Bank of Canada on May 30
RBC chief executive Dave McKay said the bank maintained good momentum during the quarter