Open this photo in gallery: A Royal Bank of Canada logo is seen on Bay Street in the heart of the financial district in Toronto.Mark Blinch/Reuters Royal Bank of Canada’s quarterly profit came in well above analysts’ estimates, as it set aside less money than anticipated for soured loans and …
Read More »Royal LePage downgrades fourth-quarter housing price forecast
Real estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with the same period last year, downgrading its previous outlook of 8.5 per cent. The decrease reflects a sluggish third quarter in which …
Read More »RBC profit falls 14%, misses forecasts as banks set aside more money for bad loans
Open this photo in gallery: A sign for Royal Bank is seen in Toronto in this file photo.CARLOS OSORIO/Reuters Royal Bank of Canada RY-T reported a drop second-quarter profit and missed analysts’ estimates as a worsening economic outlook drives lenders to set aside more money for loans that could turn …
Read More »Real estate brokerage Royal LePage cuts Canadian home price forecast for 2022
Royal LePage is cutting its expectations for the growth in home prices this year after it says prices in the second quarter fell compared with the first three months of the year. The real estate brokerage says it now expects the aggregate price of a home in Canada in the …
Read More »RBC hikes dividend, posts profit gain as COVID-19 risks recede
Royal Bank of Canada RY-T reported higher second-quarter profit and raised its quarterly dividend as the bank sees risks related to the COVID-19 pandemic receding, which allowed it to claw back hundreds of millions of dollars in loan loss provisions. RBC is the fourth major bank to report earnings for …
Read More »Royal Mail : Quality of Service Q3 2021-22
In the third quarter of the year leading up to 5 December 2021, Royal Mail delivered 93.8 per cent of Second Class mail within three working days. The Company delivered 76.8 per cent of First Class mail the next working day with 92.5 per cent delivered within two days. While …
Read More »RBC hikes dividend 11%, plans share buyback as earnings fall short of expectations
Royal Bank of Canada’s quarterly profit of $3.9-billion was up 20 per cent year over year but down from the third quarterMark Blinch/Reuters Two major Canadian banks have reported higher fourth-quarter profits and large dividend hikes but still failed to meet Bay Street’s expectations, as narrowing profit margins and lower …
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