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"Royal Bank of Canada, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce beat analysts’ estimates as higher earnings from retail banking helped boost second-quarter profit even as provisions and impaired energy loans increased.", www.bloomberg.com
"TORONTO: Royal Bank of Canada (RBC) said on Thursday bad loans increased by C$583 million ($450 million), or 19 percent, in the second quarter from the quarter before, largely due to a rise in credit to oil firms that had turned sour.Canada's biggest banks are seeing an increase in energy clients struggling to pay back loans following a sharp decline in the price of oil. Bank of Montreal said on Wednesday it had set aside more funds to cover losses.Despite the warning, RBC reported a 7 perce", www.brecorder.com