Royal Bank of Canada (RY.TO) on Wednesday posted a decline in profit, as the lender set aside higher provisions to brace for potential loan defaults amid a challenging macro environment.
Canada's biggest lender reported first-quarter overall net income of C$3.2 billion ($2.35 billion), or C$2.29 a share, compared with C$4.1 billion, or C$2.84 a share, a year ago.
