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
Rate is fully 100 basis points below the bank’s prime rate
Activity and interest in the sector have both seen considerable increases in the past few months
The indefatigable ability of Canadians to shoulder an ever increasing mountain of debt is being tested