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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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Green Party Excluded from Federal Election Debates

The Leaders' Debates Commission has made the controversial decision to exclude the Green Party of Canada from participating in the upcoming federal election debates. This decision stems from the party's failure to meet the commission's participation criteria, which include running candidates in at least 90% of federal ridings. The Green Party's strategic choice to reduce the number of candidates in certain ridings was cited as a key factor in their disqualification.

The commission emphasized that this move was necessary to maintain the integrity of the debates and ensure they remain informative for voters. However, the decision has sparked debate about the inclusivity of the process and the representation of diverse political voices in Canada.

This exclusion raises questions about the balance between logistical criteria and democratic representation. The Green Party's absence from the debates could significantly impact their visibility and influence in the upcoming election.

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