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Royal Bank of Canada
Symbol RY
Shares Issued 1,405,225,463
Close 2025-08-29 C$ 199.58
Market Cap C$ 280,454,897,906
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Post says RBC flush, but McKay remains cautious

2025-09-02 07:15 ET - In the News

The Financial Post reports in its Saturday edition that record quarterly results posted by Canada's biggest banks last week suggest the country's economy has been resilient in the face of U.S. President Donald Trump's trade war, but with Canada yet to strike a trade deal, the mood remains tense. The Post's Naimul Karim writes that five of the Big Six lenders comfortably beat analysts' expectations for the third quarter, with lenders such as RBC and TD posting record profits as revenues rose and less money was set aside to tackle bad loans. And yet, executives remained guarded in their outlooks. While there were talks of how the "uncertainty meter" had gone down and how spending on non-essential items had improved, bank chief executive officers repeatedly pointed to the importance of the Canada-U.S.-Mexico agreement, which has been shielding the economy from the worst of Mr. Trump's tariffs but is coming up for renegotiation. RBC CEO Dave McKay said on Wednesday the lingering trade uncertainty could have negative ramifications of its own, citing the potential for "declining consumer confidence, lower corporate profit margins, rising inflation and softening labour markets across both the U.S. and Canada."

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