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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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Troops Patrol Kathmandu as Deadly Protests Plunge Nepal into Crisis

 

Nepali army soldiers patrol near the complex that houses the Prime Minister's office and other ministries in Kathmandu on Wednesday.


Nepal’s capital, Kathmandu, remains under tight military control after days of violent, youth-led protests left at least 19 people dead and key government buildings in flames. The unrest erupted on Monday following a controversial government ban on social media platforms — a move widely seen as a crackdown on free expression — and quickly escalated into a broader anti-corruption uprising.

Despite the ban being lifted on Tuesday, tens of thousands returned to the streets, storming Parliament, the Supreme Court, and the Singha Durbar government complex. Protesters also torched retail outlets, media offices, and the homes of prominent politicians, prompting the resignation of Prime Minister K.P. Sharma Oli.

With police unable to contain the chaos, the Nepal Army has taken charge of security, enforcing daytime prohibitory orders and a night curfew. Soldiers armed with rifles now patrol major intersections, check vehicles, and use loudspeakers to urge calm. Helicopters have evacuated ministers to safe locations, while President Ram Chandra Poudel and Army Chief Gen. Ashok Raj Sigdel appeal for dialogue to end the crisis.

The violence marks Nepal’s most severe political unrest in decades, leaving the nation in a constitutional vacuum and raising urgent questions about its democratic stability.


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