Bank CEOs See Mortgage Risk Easing as Attention Turns to Political Uncertainty

Bank CEOs See Mortgage Risk Easing as Attention Turns to Political Uncertainty
Bank towers are shown in the financial district in Toronto, on Sept. 8, 2023. The Canadian Press/Andrew Lahodynskyj
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The heads of Canada’s biggest banks are finally seeing risks around mortgage renewals easing, only for worries about tariffs and political uncertainty to take their place.

“I think the tariffs can do a lot of damage,” RBC chief executive Dave McKay said Tuesday at a bank CEO conference hosted by RBC Capital Markets.