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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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Stay Healthy This Sick Season: Tips to Protect Yourself from Norovirus, COVID-19, Flu, and RSV


As winter approaches, so does the season of sniffles, coughs, and stomach bugs. Norovirus, COVID-19, flu, and RSV are all making their rounds, but there are steps you can take to protect yourself and stay healthy:

1. Practice Good Hand Hygiene

Wash your hands frequently with soap and water for at least 20 seconds, especially after using the bathroom, before eating, and after coming into contact with potentially contaminated surfaces. If soap and water aren't available, use a hand sanitizer with at least 60% alcohol.

2. Handle Food Safely

Norovirus is often spread through contaminated food. Ensure that you wash fruits and vegetables thoroughly, cook shellfish properly, and avoid preparing food when you're sick.

3. Clean and Disinfect Surfaces

Regularly clean high-touch surfaces like doorknobs, light switches, and countertops with household cleaning products. Use a chlorine bleach solution or an EPA-registered disinfectant to clean areas contaminated by vomit or feces.

4. Wear Masks in Crowded Areas

Wearing an N95 or medical-grade mask can help reduce your exposure to respiratory viruses like COVID-19 and the flu. Cover your mouth and nose with a tissue or your elbow when you cough or sneeze.

5. Get Vaccinated

Stay up to date with your COVID-19 booster shots and get the annual flu vaccine. While there are no vaccines for norovirus or the common cold, getting vaccinated against flu and COVID-19 can significantly reduce your risk of severe illness.

6. Stay Home When Sick

If you're feeling unwell, stay home to avoid spreading illness to others. Isolate yourself until at least 48 hours after your symptoms have subsided.

7. Prioritize Rest and Hydration

Ensure you get plenty of rest and stay hydrated. Drink water and electrolyte solutions to help your body recover from illness.

By following these simple steps, you can help protect yourself and others from the common winter illnesses. Stay healthy and take care!




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