Royal Bank of Canada T.RY

Alternate Symbol(s): RY | T.RY.PR.J | RBCPF | T.RY.PR.M | RBMCF | T.RY.PR.N | T.RY.PR.O | T.RY.PR.S | RYLBF

Financial Services

Royal Bank of Canada is a global financial institution. Its business includes Personal & Commercial Banking, Wealth Management, Investor Services, Capital Markets and Insurance. The Personal & Commercial Banking comprises its personal banking operations and certain retail investment businesses in Canada, the Caribbean and United States, as well as its commercial and corporate banking operations in Canada and the Caribbean. Wealth Management provides a full suite of investment, trust and other wealth management solutions and businesses. Capital Markets provides public and private companies, institutional investors, governments and central banks globally with a range of capital markets products and services across its two main business lines, Corporate and Investment Banking and Global Markets. Insurance offers a range of life, health, home, auto, travel, wealth and reinsurance advice and solutions, and creditor and business insurance services to individual, business and group clients.

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Royal Bank of Canada

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Comment by tincup1on Sep 02, 2017 8:13am

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Post# 26650233

RE:RE:RE:Some reality

I can understand the narrative around shorting cdn debt/mortage bubble & cdn banks. Where it fall short is cdn mortgage debt is backstopped initially by CMHC/gov't so the banks aren't nearly as exposed as the shorters think. The Libs are correctly changing that because it's a recipe for disaster to have banks not having to take on sufficient risk. That said, the cdn economic growth is built on a lie, basically consumer debt fuelled by housing. I still own cdn banks I believe further growth will be difficult going forward.

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