RBC books C$984m soured-loan PCLs as tariff uncertainty persists

Core Viewpoint - Royal Bank of Canada reported a significant increase in provisions for credit losses due to ongoing risks associated with US tariffs, indicating potential challenges in the lending environment [1] Group 1: Financial Performance - The bank took C$984 million ($711 million) in provisions for credit losses (PCLs) on impaired loans in its fiscal fourth quarter [1] - This figure represents a 7.8% increase from the previous quarter (Q3) [1] - The amount is comparable to the C$985 million recorded in Q1, which coincided with the early weeks of the second Trump administration [1]