Monday, June 15, 2026
RBC reported strong numbers despite oil exposure

Canadian Banks Beat Estimates Despite Oil Exposure

Canada’s big three banks all beat quarterly estimates Royal Bank of Canada, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce all topped profit estimates despite their exposure to the embattled oil and gas sector. Gross impaired loans to the oil and gas sector increased at all three lenders, but each saw strong results in other sectors. CIBC CIBC reported a