earnings Archives - Mortgage Rates & Mortgage Broker News in Canada

BMO’s negative amortization mortgages shrink as 1 in 3 renewals see lower payments

February 26, 2025 No Comments

More BMO mortgage borrowers are seeing their payments ease, while the number of negative amortization mortgages continues to shrink.

Scotiabank says rate cuts are easing pressure on borrowers, but warns tariffs could stall economic recovery

February 25, 2025 No Comments

Scotiabank’s latest earnings show mortgage borrowers benefiting from recent rate cuts, but the bank warns looming U.S. tariffs pose economic risks.

Five things to watch for in the Canadian business world in the coming week

February 17, 2025 No Comments

Five things to watch for in the Canadian business world in the coming week:

Canadian Western Bank delays Q4 results release due to legal claim

December 8, 2024 No Comments

CWB has announced a delay in the release of its Q4 and fiscal 2024 results due to a legal claim that has impacted the bank’s financial reporting timeline.

Some mortgage borrowers renewing in 2025 to face an average $513 monthly payment increase: RBC

December 4, 2024 No Comments

RBC also reported a sharp drop in remaining amortization periods thanks to Bank of Canada rate cuts in the fourth quarter.

Banks head into Q4 with investors looking for better days ahead

December 1, 2024 No Comments

The majority of Canada’s big banks are heading into fourth-quarter earnings this week riding high as fears around mortgage defaults and a recession ease.

RBC warns of rising mortgage losses through 2025 with upcoming renewals

September 3, 2024 2 Comments

BoC rate cuts will ease pressure, but mortgage renewal shocks still loom, RBC says

Scotiabank hits “inflection point” with successful multi-product mortgage strategy

August 29, 2024 No Comments

Deposit growth strategy pays off as Scotiabank strengthens customer relationships amid mortgage volume dip

RBC sees rise in mortgage delinquencies as ‘pockets of stress’ emerge in portfolio

June 16, 2024 No Comments

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 announces competitive pricing

Scotiabank says variable-rate mortgage clients “showing signs of stress”

May 29, 2024 1 Comment

Scotiabank says high interest rates are increasingly weighing on consumers, resulting in a credit deterioration among its variable-rate mortgage customers.

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