TORONTO — Royal Bank of Canada is shutting down the consumer accounts of Ally Financial, and integrating its operations, after acquiring the Canadian auto finance and deposit business earlier this month.
The bank said Tuesday customers will no longer be able to open new accounts with Ally effective immediately. It also plans to close down the high-interest savings accounts operated by Ally on April 30.
Read more: http://tinyurl.com/b8ec4uc
TORONTO – Royal Bank of Canada’s online banking site has been rated the most functional and user-friendly among Canada’s financial institutions for the third year in a row, according to an analysis of banking sites in Canada.
Surviscor’s 2012 Canadian Online Banking scorCard gave RBC (TSX:RBC) a score of 84 per cent in the study of online features and functionality.
Read more: http://tinyurl.com/cktezu8
The Canadian economy will pick up steam next year as risks to the global economy subside and exports strengthen, a new forecast says.
The country’s gross domestic product should expand 2.4 percent next year, accelerating from this year’s expected pace of 2 percent, Royal Bank of Canada said Thursday. It expects interest rates will start to rise “modestly” in the second half of next year and that the Canadian dollar will stay above parity through much of 2013.
Read more: http://tinyurl.com/cnq3puc
CALGARY — Alberta’s economic boom is showing little sign of slowing down, according to the latest RBC Economics Provincial Outlook released Thursday.
RBC forecasts that Alberta will continue to be among the fastest-growing provincial economies in 2013 with a real GDP growth rate of 3.5 per cent, second only to Newfoundland & Labrador’s 4.4 per cent.
Read more: http://tinyurl.com/ao9afpx
While the financial industry is expected to face headwinds in 2013, we are confident in our ability to weather these challenges given our strong financial and competitive position
Read more: http://tinyurl.com/bqcsuzw
CALGARY — The Calgary-area housing market bucked the slowing trend in home resales seen in other Canadian markets in the third quarter with steady activity relative to the previous quarter and an improving trend in affordability, says the latest Housing Trends and Affordability Report by RBC Economics Research.
Read more: http://tinyurl.com/apqqfvo