LPNEWS
Royal Bank of Canada executivescautioned on Wednesday that the company's credit performance in2021 hinges on the outlook for government support after itsquarterly profit beat estimates on much lower than expectedprovisions for loan losses. RBC, Canada's top lender, also flagged a moderation intrading activity this year, after several quarters of strongcapital markets performance and record earnings in the unit inthe first quarter. RBC and National Bank of Canada, the smallest ofCanada's six major lenders, followed rivals Bank of Montrealand Bank of Nova Scotia in postingbetter-than-expected profits that have also now surpassedpre-pandemic levels.

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