Canadian bank CEOs seehope in lower mortgage rates but worry about Trump's tariffs and political uncertainty.

Canadian bank CEOs, including RBC's Dave McKay and CIBC's Victor Dodig, see easing risks with mortgage renewals due to lower interest rates. However, they are preparing for potential economic damage from U.S. President Trump’s proposed 25% tariff on Canadian and Mexican imports and political uncertainty. The Bank of Canada's rate cuts since June have helped lower mortgage renewal costs, but concerns about trade tensions and political instability remain high.

2 months ago
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