👉Despite cooling food inflation, almost two-thirds of Canadians perceive grocery prices worsening, according to a new Leger poll. While Statistics Canada reports grocery inflation at 1.4 percent in April, contributing to an overall inflation rate of 2.7 percent, prices continue to rise. Over the past three years, grocery prices surged by 21.4 percent. Major grocers deny profiting unduly from inflation amid public and political pressure. Meanwhile, Canadian banks prepare to release Q2 results, marked by economic stability. Despite uncertainties over rate cuts and mortgage renewals, low mortgage delinquencies and encouraging economic data signal a relatively steady quarter.✅ . 𝐀𝐮𝐠𝐮𝐬𝐭𝐢𝐧𝐞 𝐉𝐨𝐲 𝐓𝐚𝐱 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 @taxesatjoy @augustine.joy_ 𝙎𝙩𝙪𝙙𝙚𝙣𝙩 𝙎𝙪𝙥𝙥𝙤𝙧𝙩 𝙉𝙚𝙬𝙘𝙤𝙢𝙚𝙧𝙨 𝘼𝙨𝙨𝙞𝙨𝙩𝙖𝙣𝙘𝙚 𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙏𝙖𝙭 𝙨𝙤𝙡𝙪𝙩𝙞𝙤𝙣𝙨 𝙎𝙢𝙖𝙡𝙡 𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝘾𝙤𝙧𝙥𝙤𝙧𝙖𝙩𝙞𝙤𝙣𝙨 𝘼𝙪𝙙𝙞𝙩𝙞𝙣𝙜 𝙍𝙚𝙥𝙧𝙚𝙨𝙚𝙣𝙩𝙖𝙩𝙞𝙤𝙣 +𝟏 𝟑𝟎𝟔 𝟑𝟏𝟑 𝟔𝟗𝟖𝟗 𝐭𝐚𝐱𝐞𝐬𝐚𝐭𝐣𝐨𝐲@𝐠𝐦𝐚𝐢𝐥.𝐜𝐨𝐦 𝐰𝐰𝐰.𝐭𝐚𝐱𝐞𝐬𝐚𝐭𝐣𝐨𝐲.𝐜𝐚 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧: 𝐀𝐥𝐥 𝐨𝐯𝐞𝐫 𝐂𝐚𝐧𝐚𝐝𝐚 𝐞𝐱𝐜𝐞𝐩𝐭 𝐐𝐮𝐞𝐛𝐞𝐜 . . #CanadianEconomy #InflationPerception #GroceryInflation #BankingSector #Q2Results #EconomicStability #MortgageRenewals #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Royal Bank of Canada (RY) announces first-quarter 2024 results, reporting a net income of $3.6 billion, a 14% increase from the prior year. Diluted EPS stands at $2.50, reflecting a 12% rise over the same period. Adjusted net income and adjusted diluted EPS are $4.1 billion and $2.85, down 5% and 6%, respectively, from the prior year. Results show increased total PCL of $281 million, influenced by higher provisions in Personal & Commercial Banking and Capital Markets. The bank's capital position remains robust, boasting a CET1 ratio of 14.9%.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #RBC #Q12024Results #FinancialReport #NetIncome #BankingSector #EarningsReport #CapitalMarkets #mnm #malayalisnearmeapp #canadaupdate #canadanews