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Postings covering the latest real estate and mortgage news in and around Vancouver and British Columbia.
Recent Posts
Canadian economic growth’s lost decade
OTTAWA — It may one day be remembered as the lost decade, in economic terms, The Canadian Press A new report published by the TD Bank says Canada is headed for a decade of stagnant growth that will test the budgets of Canadian households and govern...
CMHC - Canada’s Breaking Point
Is there a housing bubble in Canada? Below is are quotes from an article published by Jonathan Tonge of the America Canada Blog. “Everyone here is probably very well aware of who CMHC is. For any international visitors, CMHC was formed as a cro...
Are Canadian Banks Setting the Country’s Interest Rate Policy?
Posted by Scott Boyd at 8:50 am EDT, 10/16/2009 When it comes to economic policy, many people believe that big business – particularly the large banks – have an undue [...]...
2.5% Overnight Lending Rate by 2011
CBC News, October 9, 2009 The Bank of Canada will push its benchmark interest rate to 2.5 per cent in the next year and a half, an economist with the Central 1 Credit Union predicted Friday. The rate is now at 0.25 per cent and the central bank has s...
Hot housing market could trigger rate hikes: TD
Below is an article by Paul Vieira, Financial Post: Tuesday, October 6, 2009: OTTAWA — The possibility exists that the Bank of Canada may have to break its conditional pledge on interest rates should the housing market continue its red-hot perf...
Will other central banks follow?
Elliott Wave International published the following update: On October 6, the Reserve Bank of Australia surprised the global financial community with a .25% interest rate hike, bumping it up to 3.25%. Almost no one expected a major central bank to r...
Att: RBC Bank President Gordon Nixon - Salary - 11.73 Million!!
$100,000 - MISTAKE (FISHERMEN'S LOAN)
I'm a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC account.
Website http://www.corporatebully.ca
YouTube http://www.youtube.com/CORPORATEBULLY
There is no monthly interest payment date on the contract.
Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract.
Demand loan contracts signed by other fishermen around the same time showed a monthly interest payment date on their contract,(agreement).
The lending policy did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.
Only problem is the loans officer was a replacement who wasn't familiar with these type of loans. She never informed me verbally or in writing about this new criteria.
Phone or e-mail:
RBC President, Gordon Nixon, Toronto (416)974-6415
RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821
RBC President, Atlantic Provinces, Greg Grice (902)421-8112 mailto:greg.grice@rbc.com
RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600
RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302 mailto:brian.conway@rbc.com
RBC Vice President, Halifax Region, Tammy Holland (902)421-8112 mailto:tammy.holland@rbc.com
RBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506 mailto:beja.rodeck@rbc.com
RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542 mailto:ombudsman@rbc.com
Ombudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519 mailto:ombudsman@obsi.ca
"Fighting the Royal Bank of Canada (RBC Bank) one customer at a time"
Posted: September 29th, 2008 | Report This Comment