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home / news releases / ZCAN - Taxes And New Housing Measures: Enough To Dampen Canadian Bank Profits?

ZCAN - Taxes And New Housing Measures: Enough To Dampen Canadian Bank Profits?

SPDR Solactive Canada ETF
  • Mendonca: The estimated impact of the federal bank tax of $6.1B over 5-years is not that large a number.
  • Mendonca: Tax implications of the foreign buyers tax is more relevant to mortgage growth for Canadian banks.
  • Mendonca: I feel constructive on the Canadian banks and believe earnings will be strong over the next few quarters.

For further details see:

Taxes And New Housing Measures: Enough To Dampen Canadian Bank Profits?
Stock Information
Company Name: SPDR Solactive Canada ETF
Stock Symbol: ZCAN
Market: NYSE
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