Slide 1

Free Professional Advice

Why choose Micah? Because I provide valuable professional advice and it’s FREE!

Why pay more than needed? Get my rate specials. Let me negotiate the best rate for you and save money.

Slide 2

Best Rates

Let me shop the major banks and top lenders for you.

Let me negotiate the best rate. Remember I work for you, not the banks.

Slide 3

Get Approved

My approval rating is high.

With my portfolio of lenders, I can find you a program that works for you.

Slide 3

Savings

Lower rates equals thousands in savings.

Why pay more than needed? Get my rate specials. Let me negotiate the best rate for you and save money.

Slide 3

Availability

When the banks are closed, I am not.

I work for you and I am at your service 7 days a week.

Blog by Micah Verceles

<< back to article list

Big banks poised for strong quarter amid housing stability, rate hikes

TORONTO -- Canada's biggest banks are expected to report yet another strong quarter as the country's housing market shows signs of stability and rising interest rates add to their bottom line.

Royal Bank of Canada is the first lender to report its fiscal third-quarter results on Wednesday, and most analysts are expecting "solid" growth across the industry, with estimates of earnings-per-share growth as high as 10 per cent year-over-year.

"We believe the earnings environment sets up well for a strong second half... With the Canadian housing market behaving itself, investors can turn their attention away from that and towards earnings, which have been supported by (profit) margin expansion, operating leverage, and growth in the expansion segments," said Robert Sedran, an analyst with CIBC Capital Markets in a research note.

Canadian Imperial Bank of Commerce will be the next to report its earnings for the three-month period on Thursday, followed by Bank of Nova Scotia and Bank of Montreal on Aug. 28, National Bank of Canada on Aug. 29 and Toronto Dominion Bank on Aug. 30.