(Reuters) – Royal Bank of Canada reported a lower first-quarter profit on Wednesday, hurt by bigger provisions for loans that can sour in a tough economy.
The country’s no. 1 lender reported adjusted profit of C$4.07 billion, or C$2.85 per share, for the three months ended Jan. 31, compared with C$4.26 billion or C$3.04 per share, a year ago.
(Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur)
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