“We competed poorly in 2017 and ’18 in the mortgage space,” McKay, 55, said at the RBC Capital Markets Canadian Bank CEO Conference in Toronto on Tuesday. “We lost market share.”Royal Bank of Canada Chief Executive Officer David McKay is vowing to do better on Canadian mortgages after a couple years of disappointing performance. Margins in the domestic mortgage business “were challenged” and the market was “super competitive” last year, McKay said. He expects the domestic mortgage market to expand at a rate of less than 5 per cent this year. “We were disappointed in our performance and you’ll see us perform better,” he said.

Source: thestar January 11, 2019 12:45 UTC