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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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Lebanon Stands Firm on Sovereignty Amid Iranian Official’s Visit


Lebanese President Joseph Aoun reaffirmed his country’s rejection of any foreign interference during talks with Ali Larijani, Iran’s Secretary of the Supreme National Security Council, in Beirut on Wednesday.

The visit comes just days after Lebanon’s government approved a U.S.-backed plan to disarm Hezbollah by year’s end and implement a ceasefire with Israel — a move strongly opposed by both Tehran and the Iran‑backed group.

President Aoun stressed that cooperation with Iran should be rooted in “sovereignty and friendship” and serve all Lebanese citizens, not a single sect. Larijani, meanwhile, denied Iranian meddling, accusing the United States of pushing a “foreign plan” on Lebanon and insisting that any disarmament of Hezbollah must be resolved internally.

Hundreds of Hezbollah supporters greeted Larijani at Beirut’s airport, waving Iranian flags and chanting anti‑U.S. slogans. The group, long funded and armed by Iran, has been significantly weakened by a 14‑month war with Israel that ended last November, leaving thousands dead and causing billions in damage.

The high‑profile visit underscores the deep divisions within Lebanon over Hezbollah’s future and the broader struggle between foreign influence and national sovereignty.

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