
bank earnings


Scotiabank sees rise in mortgage arrears but remains optimistic about renewals
In its fourth-quarter earnings call, the bank said higher-for-longer interest rates and elevated unemployment levels have put stress on some aspects of its portfolio.

RBC sees rise in mortgage delinquencies as ‘pockets of stress’ emerge in portfolio
While RBC says most of its clients remain resilient despite higher interest rates and rising payments, the bank acknowledges ‘pockets of stress’ among select borrowers.

Scotiabank says variable-rate mortgage clients “showing signs of stress”
Scotiabank says high interest rates are increasingly weighing on consumers, resulting in a credit deterioration among its variable-rate mortgage customers.

TD Bank sees mortgage volumes rise 7% in Q2, gains market share
Despite a slow real estate market and high interest rates, TD Bank reported a 7% increase in real estate secured lending (RESL) in the second quarter.

Banks to report second-quarter results as credit concerns persist
While there’s still room for surprises, Canadian banks are set to report results after a second quarter that was notable for its economic steadiness.

CIBC reports rising mortgage delinquencies, but doesn’t expect “material” losses
CIBC reported a rise in mortgage delinquencies in the first quarter, though they still remain below pre-pandemic levels and aren’t expected to translate into “material” losses, the bank said.

National Bank sees delinquencies for its variable-rate mortgages rise to pre-pandemic levels
National Bank reported a rise in mortgage delinquencies, though primarily in its insured variable-rate mortgage portfolio.

RBC says it’s “very comfortable” with due diligence done on HSBC Canada’s mortgage portfolio
RBC’s executive team today expressed confidence in its due diligence of HSBC Canada’s mortgage portfolio during the $13.5-billion acquisition.

BMO sees rise in loan losses, but says mortgage clients remain “resilient”
BMO reported rising loan losses in the first quarter and anticipates a further increase before conditions improve in the second half of the year with expected Bank of Canada rate cuts.