Laurentian Bank of Canada T.LB

Alternate Symbol(s): LRCDF | LAUCF | T.LB.PR.H

Financial Services

Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the financial needs of business clients across Canada and in the United States and provides commercial banking, real estate financing, and equipment and inventory financing. The Capital Markets segment provides a range of services, including research, market analysis and advisory services, corporate underwriting for debt and equity, and administrative services. The Bank's clients can access its offering of financial advice, products and services through a network of branches in Quebec. The Bank offers a digital direct-to-customer platform to all Canadians. The Bank has approximately 57 branches.

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Laurentian Bank of Canada

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Comment by whodathunkiton Jun 28, 2018 1:49pm

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Post# 28246114

RE:RE:This is worse than anything in the US ...

Mirage57 wrote:
Good day Dr.S, interesting statistics but where did you get that info and how credible is it? If these private lenders are recklessly giving money left and right, it is their problem, right? I'm not disputing Toronto crazy valuations, but honestly, do you believe that private lenders would finance any property three times its market value?

My guess is he's trying to imply that a property tax assessed value is the true value as compared to what a house might sell for. In Toronto there is no correlation to tax assessed values and real value. This guy continually tries to twist and misrepresent the truth to instill fear.

Cheers.

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