Skip to main content

Featured

Big Bank Earnings Wrap: What RBC and CIBC Reveal About Your Mortgage

  Royal Bank and CIBC reported record or near-record profits before the market opened Thursday, closing out a jam-packed bank earnings week that also included BMO, Scotiabank and National Bank. Beyond the headline numbers, though, the details tucked into these reports say a lot about where mortgage rates, lending standards and household credit stress are actually heading — and it's a more reassuring picture than a lot of the tariff-and-tension headlines this month might suggest. RBC: Record Profit, Credit Quality Barely Budged Royal Bank of Canada posted net income of $6.0 billion for the quarter ended July 31, up 11% from a year earlier and a record for the bank. Diluted earnings per share came in at $4.23, up 13% year-over-year, while return on equity climbed to 17.9%. The number worth watching for anyone with a mortgage isn't the profit line — it's the provision for credit losses (PCL), the money banks set aside for loans that might go bad. RBC's total PCL was $1.0 b...
Post a Comment
Read more

article

Labels

Your daily horoscope: July 8, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Someone who is currently no more than a casual friend will become a whole lot more important to you over the coming year. You have been growing closer for quite some time and soon the magnetism between you will become intense.

ARIES (March 21 - April 20):

You may be inclined to trust your hunches but if someone whose judgment you value advises caution today it would be smart to listen. It could be they can see a pitfall that you, in your haste to push ahead, have somehow overlooked.

TAURUS (April 21 - May 21):

Venus, your ruler, is strong in the area of your chart that governs travel plans and social activities, and you must make the most of it. A few days from now there will be more serious matters to deal with, so have fun while you can.

GEMINI (May 22 - June 21):

Others may be of the opinion that the more material things they possess the happier they will be but that is certainly not true for you. The only sort of possession that matters now is the affection you get from the people you love.

CANCER (June 22 - July 23):

Identify your No. 1 passion and go after it with every ounce of physical, mental and emotional energy you possess. The sun remains in your sign just two more weeks, so get a move on and start making some really good things happen.

LEO (July 24 - Aug. 23):

You seem to be paying far too much attention to what other people are saying and not enough to what your inner self is trying to tell you. Make a point of tuning out other voices today and listen only to that small voice within your own heart.

VIRGO (Aug. 24 - Sept. 23):

What happens today will in some way make it clear that every single thing that happens in your life, be it good or bad, is part of a much wider and much higher cosmic plan. So why worry when everything is destined to come right in the end?

LIBRA (Sept. 24 - Oct. 23):

Although someone in a position of power has clearly made a big impression on you in recent weeks you must not follow them blindly. You are still your own boss and ultimately the decisions you make must be for your own benefit.

SCORPIO (Oct. 24 - Nov. 22):

The sun in Cancer at this time of year urges you to start something new. Focus on an ambition you have been thinking about for months, maybe even years, and make it your one and only objective. This is not the right time to be cautious.

SAGITTARIUS (Nov. 23 - Dec. 21):

You suspect that a loved one has been keeping things from you and it is driving you mad that they might know something that you do not. But don’t let your frustration show or they will delight in keeping you in the dark a little longer.

CAPRICORN (Dec. 22 - Jan. 20):

You appear to be flavour of the month with all the right people at the moment, and that’s great, but don’t just sit back and bask in their praise. Your priority now must be to make use of their support to promote your own interests.

AQUARIUS (Jan. 21 - Feb. 19):

You may be tempted to escape from your problems by retreating into your shell and pretending that the outside world does not exist but that approach won’t work for long. Engage with life’s challenges – they are not as tough as you fear.

PISCES (Feb. 20 - Mar. 20):

You may be tempted to go over the top emotionally but if you do it’s no big deal. As one of the more sensitive members of the zodiac there is no point trying to pretend that certain matters don’t affect you when everyone can see they do.

Labels:

Comments

Post a Comment