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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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Poilievre’s Commanding 87.4% Leadership Endorsement Signals Firm Control of Conservative Party

Conservative Party Leader Pierre Poilievre delivers his keynote address at the party’s national convention in Calgary on Friday.

Pierre Poilievre has secured an overwhelming 87.4% support in the Conservative Party’s leadership review, reinforcing his dominant position within the party and signaling strong internal confidence in his direction.

The review, held during the party’s national convention, served as a key test of Poilievre’s standing following the most recent federal election. Despite the setback of losing both the national vote and his own seat, he has remained a central figure in Conservative politics, returning to Parliament and maintaining significant influence among party members.

In his address to delegates ahead of the vote, Poilievre emphasized unity, discipline, and a renewed focus on economic and social priorities. The strong endorsement suggests that party members remain aligned with his vision and strategy for the future.

With nearly all eligible delegates casting ballots, the result provides Poilievre with a reinforced mandate as he prepares to guide the party into its next phase — one that will likely focus on rebuilding momentum and sharpening its message ahead of the next election cycle.


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