this post was submitted on 28 Feb 2024
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RBC, National Bank report higher profits. What to know (globalnews.ca)
submitted 8 months ago by sik0fewl@kbin.social to c/canada@lemmy.ca
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Royal Bank of Canada and National Bank of Canada were the latest big banks to report earnings on Wednesday. Here is what their reports show.

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[–] sbv@sh.itjust.works 1 points 8 months ago

Still, the lender set aside more funds to cover for potentially souring loans in an uncertain economy highlighting economic uncertainties ahead.

Canadian households are feeling the squeeze of higher interest rates and high costs of living since the Bank of Canada began a series of rate hikes to curb inflation.

Indeed.