RBC Royal Bank Raises Rates 12/15/2010
Dec15

RBC Royal Bank Raises Rates 12/15/2010

On 12/14/2010, The Royal Bank of Canada (RBC) [RY/tse:RY] announced mortgage rate increases, along with the Toronto Dominion Bank (TD Canada Trust) [TD/tse:TD].  It is expected that the other big banks will raise rates by the end of the week. Royal Bank increased its 5 year closed mortgage 0.20% to 4.24%.  Its 6 month convertible rate increased 0.10% to 4.05%.  Other special rate offers also increased. TD Canada Trust’s 5 year...

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Bank Of Canada Raises Benchmark Interest Rate

On Tuesday June 1, 2010, Canada’s retail banks raised their prime lending rates by 25 basis points.  Royal Bank of Canada (RBC), TD Bank, Bank of Montreal (BMO), CIBC, Desjardins, National Bank, and Laurentian raised their prime lending rates to 2.50%. However, BMO lowered its 5yr fixed rate mortgage rate by 10 basis points to 4.25% This comes as the Bank of Canada decided to raise its benchmark interest rate to 0.5%, the first...

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Bank Valuation VII

I apologize for the slightly longer than usual time between posts these last two weeks.  Its been a busy 2 weeks.  Up to this point in this series, I have discussed only quantitative/numeric metrics.  However, in this article I will discuss some qualitative metrics related to bank itself. The final article in the series will be posted the following week.  So far we covered the following metrics: – Net Interest Margin (NIM)...

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