Royal Bank of Canada’s profit rises on strength in lending business

on Thursday posted a rise in third-quarter profit as a high-interest rate environment boosted its lending business.

The bank’s profit came in at $3.81-billion, or $2.73 per share, in the three months ended July 31, compared with $3.52-billion, or $2.51 per share, a year earlier.Checking box will enable automatic data updates.

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Debt among Canadian millennials at record levels, while earnings haven’t kept up: RBC reportCanadian millennials are more likely to face the brunt of a wavering labour market as most face mounting debt with an income that fails to keep up with inflation, according to a report from RBC Economics.
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