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BRIEF-RBC Expects Provisions On Impaired Loans To Rise This Year, Timing And Level To Depend On Vaccine Rollout Success, End Of Government Support Programs-Conf Call

Published 2021-02-24, 09:13 a/m
© Reuters.
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Feb 24 (Reuters) - Royal Bank of Canada RY.TO :

* RBC EXPECTS CONTINUED HIGH-SINGLE-DIGIT MORTGAGE GROWTH, PENT-UP DEMAND TO DRIVE CONSUMER-LED RECOVERY IN CANADIAN BANKING-CONF CALL

* RBC EXPECTS STRONG VOLUME GROWTH IN CANADIAN BANKING, CITY NATIONAL TO COMPLETELY OFFSET HEADWINDS OF LOWER INTEREST RATES BY Q3-CONF CALL

* RBC EXPECTS TRADING ACTIVITY TO MODERATE IN COMING QUARTERS FOLLOWING RECENT STRENGTH-CONF CALL

* RBC EXPECTS DELINQUENCIES, IMPAIRMENTS TO INCREASE FOR THE REMAINDER OF 2021-CONF CALL

* RBC EXPECTS PROVISIONS ON IMPAIRED LOANS TO RISE THIS YEAR, TIMING AND LEVEL TO DEPEND ON VACCINE ROLLOUT SUCCESS, END OF GOVERNMENT SUPPORT PROGRAMS-CONF CALL

* RBC EXPECTS HIGH-SINGLE-DIGIT CANADIAN HOUSING MARKET GROWTH THIS YEAR, PARTICULARLY AS IMMIGRATION PICKS UP AROUND Q4- CONF CALL

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