Canada's big banks tighten grip on mortgage market after rule changes [Reuters (UK)]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
rbc.com/investorrelations/index.html
Company Research
Source: Reuters
Canada's big banks tighten grip on mortgage market after rule changes | Reuters 4 Min Read TORONTO (Reuters) - Canada’s biggest banks are tightening their grip over the country’s C$1.5 trillion ($1.1 trillion) mortgage market as new rules designed to cut out risky lending make it harder for borrowers to switch lenders, with some analysts betting on more gains for the country’s biggest two banks. The rules, which stress-test borrowers’ ability to make repayments at 200 basis points above their contracted rates, had been expected to hurt profitability at the banks’ domestic businesses by resulting in them turning away more customers. However, the country’s biggest five banks, which account for about two-thirds of the Canadian mortgage market, are reporting higher rates of renewals by existing customers concerned they will not qualify for a mortgage with another bank. The rules, known as B-20 and introduced in January, do not apply when borrowers are renewing mortgages with their current
Show less
Read more
Impact Snapshot
Event Time:
RY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RY alerts
High impacting Royal Bank Of Canada news events
Weekly update
A roundup of the hottest topics
RY
News
- Evening Update: Justice Marie-Josée Hogue resumes foreign interference inquiry, warning some details will be kept secret for national security [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- 15 Best Places in Alabama for a Couple to Live on Only Social Security [Yahoo! Finance]Yahoo! Finance
- iMining's AI Subsidiary, AiMining Technologies, Has Appointed Daniel Campbell to Its Scientific Research Board to Propel Artificial Intelligence Innovation [Yahoo! Finance]Yahoo! Finance
- Caps on newcomers may 'unfairly' hurt businesses, damage economy, group warns [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Evening Update: Security Council demands Gaza ceasefire; Trump's bond down to US$175-million [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
RY
Earnings
- 2/28/24 - Beat
RY
Analyst Actions
- 3/20/24 - Barclays PLC
RY
Sec Filings
- 3/28/24 - Form 424B2
- 3/28/24 - Form 424B2
- 3/28/24 - Form 424B2
- RY's page on the SEC website