Canadian banks continue to grow profits

Two more Canadian banks have reported their quarterly financial earnings and profits are up.

Following a 6% rise for BMO, RBC announced a 4% rise to almost $2.5 billion, with personal banking net income up 13% from the same period last year.

Meanwhile, National Bank’s net income was up 3% to $453 million. Personal banking was especially strong, rising 6% from a year ago, with the most significant increases coming from consumer loans and mortgages.

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