Q: Could you tell me which 3 Canadian banks have the most domestic real estate mortgage exposure and also for a 2 year hold , and in general which CDN bank would you buy and why ,Thanks and have a Merry Christmas!!
5i Research Answer:
BMO, CM and TD have the most exposure because they each have more fixed payment variable rate mortgages than the others. We think all banks can perform next year, but would see TD and RY as a good combination, with RY the 'safest' and TD having exposure to the faster-growing US economy.