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HSBC banking big on Canada to secure greater market share

Published Tue, May 23, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

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.

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