It's the final quarterly earnings season for the big banks in 2018, when Canada's biggest lenders tip their hands to investors about how much money they're making and where. The Royal Bank of Canada followed suit on Wednesday, posting a quarterly profit of $3.25 billion for the same period. (Joan Dymianiw/CBC)Even if the golden mortgage goose isn't laying as many eggs, the Big Five can probably still honk out higher profits from their existing customers thanks to higher mortgage rates to come. But if any of Canada's other big banks are handing out fewer home loans, that's something Canadian homeowners will want to keep an eye on. So management at the banks tend to only ratchet those quarterly stipends higher if they're confident they'll be able to maintain the higher payouts.
Source: CBC News November 29, 2018 09:00 UTC