Divergence with Federal Reserve could put pressure on Canadian dollar
Federal government passed new rules and incentives for EOTs in June
Insurer has been working to shed assets with a low return on equity
Canada's biggest banks face criticism for not moving fast enough on climate targets
The move continues consolidation in the Canadian banking industry
Most banks lowered their prime rates to 6.95% following the announcement
The results put RBC as the best banking performer of the quarter: analyst
The bank's Canadian commercial banking and wealth management business earned $456 million in Q2
Raises quarterly dividend to $1.55 per share, up four cents
Despite challenges, overall revenue grew