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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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Your lookahead horoscope: March 9, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

The more you choose to interact with people socially this year the more you will enjoy yourself and the more you will benefit in material ways. But that word “choose” is all-important – it’s up to you to reach out to the world.

ARIES (March 21 - April 20):

The next few days are going to be busy on the work front but you can make things easier for yourself by not getting angry if some of your colleagues can’t keep up with your exacting standards. If they could you wouldn’t be so special, would you?

TAURUS (April 21 - May 21):

The most important thing this week is that you avoid wishful thinking, because no matter how many things go right you will still be disappointed when you don’t get what you were hoping for. You must be realistic about what is possible.

GEMINI (May 22 - June 21):

What occurs during the early part of the week will call into question something you have always been so sure about. That will only be a problem though if you insist that you are still right no matter what the evidence may point to.

CANCER (June 22 - July 23):

If you are going to talk tough you must make sure you can back up your big words with big deeds. That shouldn’t be too much of a problem with Mars in your sign but ask yourself: do you really need to be so confrontational?

LEO (July 24 - Aug. 23):

There is no reason to be suspicious if someone in a position of authority who you don’t usually get along with takes a shine to you this week. Just because you have crossed swords in the past doesn’t mean you can’t work together now.

VIRGO (Aug. 24 - Sept. 23):

The sun close to Saturn in the partnership area of your chart means there is a real chance that someone will try to mislead you over the next few days. That will only be a problem though if you let your guard down. Stay sharp at all times.

LIBRA (Sept. 24 - Oct. 23):

The more a colleague or business associate tries to persuade you that joining them in a specific course of action will make you both rich the more you should be on your guard. Is it wrong to be so distrustful? Not when your money is at stake.

SCORPIO (Oct. 24 - Nov. 22):

The more your rivals take it easy this week the more determined you must be to keep going and finish ahead of them in whatever race it is you are running. Why would you want to slow down when you have built up so much momentum?

SAGITTARIUS (Nov. 23 - Dec. 21):

If you started a new creative project recently then you need to keep at it and take it to the next level. Too often in the past you have begun something only to lose interest just when it was about to pay off. Don’t make that mistake now.

CAPRICORN (Dec. 22 - Jan. 20):

The more demands are made of you over the next few days the more you will enjoy it as it gives you a chance to show what you can do and, more importantly, show you are better than your rivals. Amazingly, some people still don’t see that.

AQUARIUS (Jan. 21 - Feb. 19):

Decide what it is you want most from life then go all out to get it. As one of the zodiac’s fixed signs you are terrier-like in your ability to stick with a goal until it is reached and there is no reason to change your ways now.

PISCES (Feb. 20 - Mar. 20):

Good news about your financial situation will arrive this week but as money planet Venus is going through its retrograde phase you need to be careful. What arrives out of the blue could disappear just as quickly, so don’t go on a spending spree.

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