Bloomberg News

Royal Bank of Canada Says No Intervention on Mortgage Specials

March 01, 2012

Royal Bank of Canada (RY) Chief Executive Officer Gordon Nixon said there was “no intervention” from the federal government to prompt banks to end low-rate mortgage specials in January.

Nixon spoke at the bank’s annual meeting of shareholders in Toronto.

To contact the reporter on this story: Doug Alexander in Toronto at

To contact the editor responsible for this story: Greg Chang at

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