RBC (RY): FY25 Q2 earnings call, May 29, 2025

…indices. However, as the U.S. administration implemented a 90-day pause in reciprocal tariffs, the volatility of outcomes, sentiment and markets narrowed significantly. While we can't…

…growth to remain contained in the near term as the uncertainty around tariffs outweighs lower debt servicing costs from lower interest rates. Amidst ongoing intense…

…of cautious business sentiment in certain areas as clients assess how global tariffs could impact their strategies and investment plans. Loan demand was notably softer…

…uncertain conditions, increasing the odds of a recession in North America. Although tariffs imposed on Canada were not as severe and broad-based as initially expected,…

…base case reflects a greater slowdown in the North American economy from tariffs already known and imposed, which we expect will be in place for…