RBC books C$984m soured-loan PCLs as tariff uncertainty persists
Set-asides run at elevated rate for yet another quarter
Royal Bank of Canada took C$984 million ($711 million) in provisions for credit losses (PCLs) on impaired loans in its fiscal fourth quarter, as the risk of US tariffs continued to weigh.
The figure for the three months to end-December was up 7.8% from Q3, and on par with the C$985 million recorded in Q1, which covered the first few weeks of the second Trump administration, a period characterised
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