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TORONTO, Jan 11 (Reuters) - Canadian bank heads on Monday forecast a rosier growth outlook for this and next year, driven by pent-up consumer demand, continued residential mortgage growth and ongoing government stimulus to help offset the impact of the coronavirus pandemic.
Canada’s biggest banks ended fiscal 2020 with better than expected earnings, while warning of an uneven economic recovery and a slower housing market. But they struck a somewhat more optimistic note at the RBC Capital Markets Canadian bank CEO conference.
“We’re definitely feeling good about things,” said Dave McKay, chief executive of Royal Bank of Canada, the country’s largest lender.