Outlook shifts to neutral as banks adapt to higher rate environment
Initiative received 42% support from RBC shareholders at latest AGM, and 37% from BMO shareholders
Finance also announced measures to tackle bank fees and mortgage relief
Change to address negative amortization mortgages a positive, Fitch says
Weakness in commercial real estate will impact Big Six loan portfolios
The bank is the farthest along in this process among the Big Six
Companies paying down debt also reduce their deposits and outstanding loans, according to CIBC
Deal resolves claims over mortgage prepayment charges
FCAC charged with selecting single, external complaints body
Half of the Big Six have committed to racial equity audits in response to engagement from activist shareholders