Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Canadian banks hope for boost from Trump’s ‘pro-growth’ plans
– theglobeandmail.com
Some of Canada’s largest banks are eager to grow in the U.S. as Canadian operations face headwinds from a slow domestic economy
Record start to covered bonds sales leads way for Canada’s banks
– theglobeandmail.com
Toronto-Dominion Bank and Bank of Montreal top the rest, with a $1.75-billion issue each
The CEOs of some of Canada’s biggest banks say they’re expecting to see their U.S. businesses get a boost from stronger economic growth south of the border as the new Donald Trump administration takes over.
CEOs of Canada’s big banks expect Donald Trump will be boost for U.S. operations
– canadianbusiness.com
TORONTO _ The CEOs of some of Canada’s biggest banks say they’re expecting to see their U.S. businesses get a boost from stronger economic growth south of the border as the new Donald Trump administration takes over.
“The talk is that there’s going to be corporate tax reform, there’s going to be more infrastructure spending, there’s going to be less regulatory burden for industry in general, not just for banks,” TD Bank (TSX:TD) CEO Bharat Masrani said Tuesday at a conference in Toronto.
“All of that is stimulating for the economy.”
Dave McKay, the CEO of Royal Bank (TSX:RY), said the pro-growth policies that Trump is expected to implement could lead to higher interest rates, which would be positive for the bank’s operations in the U.S.
“We see strong opportunities in the U.S. market for our capital markets franchise, which has enormous momentum,” McKay said at the RBC 2017 Canadian Bank CEO Conference.
It isn’t just higher interest rates that could benefit the U…
“The talk is that there’s going to be corporate tax reform, there’s going to be more infrastructure spending, there’s going to be less regulatory burden for industry in general, not just for banks,” TD Bank (TSX:TD) CEO Bharat Masrani said Tuesday at a conference in Toronto.
“All of that is stimulating for the economy.”
Dave McKay, the CEO of Royal Bank (TSX:RY), said the pro-growth policies that Trump is expected to implement could lead to higher interest rates, which would be positive for the bank’s operations in the U.S.
“We see strong opportunities in the U.S. market for our capital markets franchise, which has enormous momentum,” McKay said at the RBC 2017 Canadian Bank CEO Conference.
It isn’t just higher interest rates that could benefit the U…
