The additions are part of the bank’s push to expand in a division that includes online investing, advice, and asset management
But the increase may also lead to better returns for savers
This is despite the Canadian economy's growth failing to exceed 2% for 3 straight quarters
"It just looks like we're getting a shifting preference in the marketplace."
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.
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