Speaking to Bloomberg, the lender’s CEO in Canada Sandra Stuart noted that revenues have been hit here due to economic conditions but it is still in the top five profit makers for the bank, which operates in 72 countries.
It does not seem that it plans to push for a large cut of the residential mortgage market, though, with commercial activity and investment banking its focus.
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The global bank and mortgage lender HSBC says that it sees Canada as a priority market.