🏦RBC is closing HSBC locations and converting them into RBC branches.
💼Tighter rules imposed by the Bank of Canada make it harder for Canadians to get new mortgages.
📈The Bank of Canada plans to continue quantitative tightening until 2025 to support higher interest rates.
✈️Boeing's CEO announces his departure amidst safety incidents with their aircrafts.
🌐Here's a recap of the top news stories in the finance sector this week.
What is the impact of RBC's integration of HSBC operations?
—RBC's integration of HSBC operations includes closing HSBC branches and converting them into RBC branches, affecting HSBC customers.
What are the new mortgage rules imposed by the Bank of Canada?
—The Bank of Canada has implemented tighter rules that make it harder for some Canadians to qualify for a new mortgage.
What is quantitative tightening?
—Quantitative tightening is a process initiated by the Bank of Canada to withdraw cash from the financial system and support higher interest rates.
Why is the CEO of Boeing stepping down?
—The CEO of Boeing is stepping down following recent safety incidents involving their aircrafts, including a midair panel blowout.
What are the top news stories in the finance sector this week?
—The top news stories in the finance sector this week include RBC's integration of HSBC operations, new mortgage rules imposed by the Bank of Canada, and the departure of Boeing's CEO.
00:00RBC is closing HSBC locations and integrating their operations, making it tougher for Canadians to get new mortgages.
00:40The Bank of Canada plans to continue quantitative tightening until 2025 to support higher interest rates.
03:04Boeing's CEO announces his departure amidst safety incidents with their aircrafts.
05:52Recap of the top news stories in the finance sector this week.
