The Royal Bank of Canada’s Quebec president Martin Thibodeau has cited mortgage advice as one of the growth areas for the bank. Speaking to the Montreal Gazette he said that although the bank had shed 900 jobs across North America in the fourth quarter the net impact was for Quebec was low as RBC took on more mortgage specialists and financial planners: “For us financial planning and mortgage advice is a vector of growth” he said. The challenges ahead for the bank in the province include an ageing population and slower economy.
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