Two more of Canada’s banks and mortgage lenders have reported their quarterly financial earnings and profits are up. Following a 6 per cent rise for BMO, RBC announced a 4 per cent rise to almost $2.5 billion with personal banking net income up 13 per cent from the same period last year.
Meanwhile National Bank’s net income was up 3 per cent to $453 million. Personal banking was especially strong, rising 6 per cent from a year ago, with the most significant increases coming from consumer loans and mortgages.
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