The Globe and Mail reports in its Thursday edition that RBC's chief executive officer says tighter immigration and trade policies are clouding the banking industry's outlook for next year, and political leaders need to resolve the concerns causing uncertainty. The Globe's Stefanie Marotta writes that RBC and National Bank of Canada both reported fourth-quarter earnings Wednesday, and leaders of both cautioned of risks to the economy as the banking sector moves into a new fiscal year that started Nov. 1. The banks posted profits that beat expectations on higher-than-expected revenue growth, even as provisions for loans that could default edged up. Among the risks looming in 2025, RBC CEO Dave McKay also pointed to weaker consumer spending and business conditions, as well as rising unemployment. On tariffs, he said government leaders need to find a solution and Canada needs to explore options to reinforce its economy in the face of these threats. "This was a strong message that we have to improve certain aspects of our operations in Canada around our borders." "And there are other ways of solving that without hurting both economies -- the Canadian economy and the U.S. economy," Mr. McKay said during a call with analysts.