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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...
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Netanyahu’s Stern Warning to Iran Amid Escalating Tensions in Lebanon


                                              

Prime Minister Benjamin Netanyahu issued a stark warning to Iran on Monday, emphasizing Israel’s capability to strike its enemies anywhere. This declaration comes in the wake of intensified Israeli airstrikes in Lebanon, which have targeted Hezbollah strongholds and resulted in significant casualties.

Netanyahu’s message, delivered via a videotaped address, was directed at the Iranian government rather than its people. He underscored that Israel’s military actions are a response to threats posed by Hezbollah, a group backed by Tehran. The recent airstrikes, including one that leveled an apartment building in central Beirut, have heightened regional tensions.

The Israeli Prime Minister’s warning highlights the ongoing volatility in the Middle East, with potential implications for broader geopolitical stability. As Israel continues its military operations, the international community watches closely, concerned about the possibility of further escalation.


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