RBC, CIBC wrap up bank earnings with better-than-expected profits

Grocery and gas prices aren't the only expenses Albertans will be watching closely this summer. For homeowners who acquired pandemic-era mortgages, renewals are coming up at record-high interest rates. Freida Richer, who is a licensed insolvency trustee at Grant Thornton Limited joined, us on Global News Morning Edmonton to help get homeowners ready for their mortgage renewals.the country’s No.

The top six Canadian banks, which together control more than 90 per cent of the country’s banking market, have been struggling amid high interest rates that weighed on consumers’ wallets as monthly mortgage payments, credit card bills and living costs rose. RBC’s quarter highlighted “an impressive top-line performance, manageable credit costs, and a solid capital position following the close of the HSBC Canada acquisition,” KBW analyst Mike Rizvanovic said.Inflation is cooling, why are Canadians still so stressed out financially?

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Royal Bank of Canada's profit rises on strength in domestic lending businessThough customer payments on mortgages, credit cards and other loans have shrunk, large banks still continue to benefit from elevated benchmark lending rates....
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Royal Bank of Canada's profit rises on strength in domestic lending businessThough customer payments on mortgages, credit cards and other loans have shrunk, large banks still continue to benefit from elevated benchmark lending rates....
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