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HSBC bids for more share in Canadian market

Bloomberg 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 percent, undercutting the lowest discretionary rates at the largest domestic lenders including Toronto-Dominion Bank (TDB) and Royal Bank of Canada (RBC). “I want to ...

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Bundesbank’s Dombret says Brexit likely to be ‘very hard’

Bloomberg The UK’s departure from the European Union is unlikely to go smoothly, according to Bundesbank board member Andreas Dombret. “It doesn’t look like a soft Brexit to me at all,” Dombret told David Ingles in a Bloomberg TV interview in Tokyo on Tuesday. “It looks like either a hard Brexit or a very hard Brexit.” Positions on both sides ...

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Business-jet sales struggle for lift amid Brexit, US woes

Bloomberg Selling aircraft to the world’s elite is set to remain a struggle as concerns about the fallout from Brexit and political uncertainty in the US weigh on buyers of corporate jets, according to Embraer SA. Western European markets are sluggish, and demand could dip in the US, said Michael Amalfitano, who took charge of the Brazilian company’s corporate-aircraft division ...

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