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

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(Reuters) - Royal Bank of Canada 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 C$3.81 billion, or C$2.73 per share, in the three months ended July 31, compared with C$3.52 billion, or C$2.51 per share, a year earlier.

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