HSBC banking big on Canada to secure greater market share

Toronto

HSBC Holdings Plc is getting aggressive in Canada - and one needs to look no further than its latest mortgage rate for proof of broader ambitions.

HSBC Canada is offering five-year fixed-term mortgages at 2.39 per cent, undercutting the lowest discretionary rates at the largest domestic lenders including Toronto-Dominion Bank and Royal Bank of Canada.