Net income in the Canadian retail business was up 68% year over year
The bank wants to increase its client base for its direct brokerage
Big financial institutions would also have to pay a pandemic recovery dividend
RBC chief executive David McKay doesn't expect the Covid-19 Delta variant to halt current momentum
The bank said its third-quarter profit rose to $839 million, up from $602 million a year ago
BMO's wealth management business earned $401 million in the quarter, up from $341 million a year ago
The bank cut its provisions for credit losses by 83% compared with a year ago
Earnings kick off Tuesday with Scotiabank and BMO
The mandates at the banks follow announcements by Sun Life Financial Inc. and others
Expected credit losses look low, but tail risks are lurking