Royal Bank Of Canada: Get That Yield While You Can (NYSE:RY)

Seeking Alpha | Nov 27, 2020 at 7:57 AM
  • The largest bank in Canada closed at its 52-week high on Tuesday – none other than The Royal Bank of Canada (RY).
  • If – and it’s a big IF – COVID-19 tightens its grasp on Canada all winter, much like it is doing now, and forces lockdowns across the country that last longer than a couple of weeks, the government/banks will be forced to allow more deferrals.
  • There are a lot of people taking “advantage” of the low rate environment and getting loans of all kinds, including mortgages.