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Home / RBC reports Q1 profit down from year ago, provisions for credit losses up

RBC reports Q1 profit down from year ago, provisions for credit losses up

Posted on March 1, 2023March 1, 2023 by admin

Royal Bank of Canada saw profits slip in the first quarter as it joined other banks in setting more money aside for tougher economic conditions ahead, though like others it also benefited from higher capital markets revenue as the uncertainty helped boost trading volumes.
Source: ctv business
RBC reports Q1 profit down from year ago, provisions for credit losses up

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