- TD Bank has the greatest number of branches.
- BMO has the least number of employees.
- CIBC has the lowest amount of capitalization.
- Two of the banks are headquartered in Halifax.
- RBC has the greatest amount of deposits.
- Scotiabank is the most asset-rich of the five.
- Canada's Big Five Banks are CBIC, BOM, Scotiambank, TB Dank, and BRC.
- Take dictation of this report, 00:05 - 00:46. Check with 2 partners before publishing. Answers below.
- Check on the assignments and tasks from last week, and complete any outstanding work.
Answers to dictation exercise:
Hey good morning, Kevin. We’ve got the big Canadian banks
gearing up for what they expect to be a busy spring time real estate market and
some ultra low mortgage rates once again. The Bank of Montreal offering some
special 5-year rate at 2.99% follows the
TD Bank’s 4-year rate at 2.97%. We’re back to those rates below the 3%
threshold. The last time we saw this was about a year ago, you’ll recall, when
the banks were publicly rebuked by then-Finance Minister Jim Flaherty for
lowering mortgage rates too much. They were concerned about creating a bubble
in the housing market. Nobody sees that right now. They figure that it’s going
to be busy this spring, and they’re competing to get some mortgage business
again with some very low borrowing costs.
No comments:
Post a Comment