Dec 2 (Reuters) - Royal Bank of Canada RY.TO :
* RBC CEO MCKAY SAYS EXPECTS MORTGAGE GROWTH TO SLOW AS PEN-UP HOUSING DEMAND COOLS AFTER 'EXCEPTIONAL' STRENGTH - CONF CALL
* RBC SAYS TRADING AND 'ELEVATED PACE' OF UNDERWRITING ACTIVITY EXPECTED TO EASE IN 2021 AFTER YEAR OF NEAR-RECORD CAPITAL MARKETS EARNINGS
* RBC DOES NOT EXPECT A SIGNIFICANT SHIFT IN CANADIAN COMMERCIAL LOANS FROM PERFORMING TO NON-PERFORMING STATUS, BARRING 'MATERIAL ADVERSE EVENTS' - CONF CALL
* RBC SAYS 90% OF RETAIL LOAN DEFERRALS EXPIRED, 2% OF THESE ARE DELINQUENT; EXPECTS DELINQUENICES TO RISE IN COMING QUARTERS - CONF CALL
* RBC SAYS NEARLY 90% OF COMMERCIAL, SMALL BUSINESS DEFERRALS EXPIRED, ALMOST ALL HAVE RETURNED TO PERFORMING STATUS - CONF CALL
* RBC GIVING MORE WEIGHT TO DOWNSIDE SCENARIO OF CANADIAN UNEMPLOYMENT RATE ABOVE 9% UNTIL MARCH 2023, 8% HOUSE PRICE DECLINES, DEPRESSED UNTIL LATE 2023 - CONF CALL
* RBC SAYS IF PESSIMISTIC SCENARIO MATERIALIZES, ALLOWANCES ON PERFORMING LOANS COULD BE INCREASED BY ABOUT 18% - CONF CALL
* RBC CEO SAYS 'CAUTION SHOULD RULE THE DAY,' NOT YET TIME TO PUSH REGULATOR TO ALLOW BUYBACKS AGAIN - CONF CALL