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Business & Economics

RBC tops analysts' expectations, but increases provisions for credit losses

financialpost
Summary
Nutrition label

75% Informative

RBC 's net income for the three months ending Jan. 31 was $5.1 billion , up $1.5 billion or 43 per cent from the same quarter a year ago .

Including HSBC Bank Canada’s operations increased net income by $214 million , the bank said.

The bank said it expects lower interest rates will improve gross domestic product growth per capita this year .

VR Score

86

Informative language

90

Neutral language

62

Article tone

semi-formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1