Homebuyers in Canada bet on more rate cuts with adjustable loans [BNN Bloomberg (Canada)]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
rbc.com/investorrelations/index.html
Company Research
Source: BNN Bloomberg
The share of borrowers opting for mortgages that track the Bank of Canada's benchmark rate rose to 12.9 per cent in the first quarter, the second consecutive increase, according to new data from the central bank. That's up from a low of just 4.2 per cent of new mortgages in the third quarter of 2023 — though it's still well below the levels seen in the pandemic, when such floating-rate loans briefly became the majority of the market. The change in borrower preferences began even before the central bank cut its policy interest rate earlier this month and signaled more cuts to come. With the benchmark rate now at 4.75 per cent, economists say that slowing economic growth and cooling inflation will prompt officials to cut it all the way to three per cent by the end of 2025, according to a Bloomberg survey. That would imply commercial bank prime lending rate of 5.2 per cent. Variable mortgage rates for bank customers with good credit are usually a little bit below the prime rate. “
Show less
Read more
Impact Snapshot
Event Time:
RY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RY alerts
High impacting Royal Bank Of Canada news events
Weekly update
A roundup of the hottest topics
RY
News
- Lundin Weighs Sale of Zinc Mines in Sweden and Portugal [BNN Bloomberg (Canada)]BNN Bloomberg
- Industry moves this week [Investment Executive - News]Investment Executive - News
- RBC Charity Day for the Kids donates US$5 million to 78 youth-focused charities around the globe [Yahoo! Finance]Yahoo! Finance
- RBC Charity Day for the Kids donates US$5 million to 78 youth-focused charities around the globePR Newswire
- RBC Charity Day for the Kids donates US$5 million to 78 youth-focused charities around the globePR Newswire
RY
Earnings
- 5/30/24 - Beat
RY
Sec Filings
- 6/27/24 - Form 424B2
- 6/27/24 - Form 424B2
- 6/27/24 - Form 424B2
- RY's page on the SEC website