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People and MarketsBank Results

RBC posts record C$2.3bn profits in Q4 but takes capital markets hit


Royal Bank of Canada made C$2.3bn of profits in its fourth quarter (August, September and October), an 11% increase that took its profit for the year to C$9bn. But the bank took a hit in its capital markets division, as revenues decreased 14% to C$1.49bn.

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