Mortgage lender announces job cuts

National Bank of Canada has announced a few hundred job cuts and a share issue as it, along with the other big banks, shore up finances amid stronger capital reserve requirements. Although no details of the roles affected have been released it is reported that the cuts may impact branches as automation takes a larger role in operations. In a statement CEO and president Louis Vachon commented: “Such exceptional decisions are never easy to make. The Bank will make every effort to minimize the impact, notably through replacement opportunities, planned retirement and other initiatives. We sincerely thank those affected for their dedication, over the years, towards National Bank’s development.”
 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Investment Hot Spots:
Katepwa Beach, Tower Road, Timberlea, Port Dufferin, Tourville

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?