RBC's earnings exceed expectations as oil woes diminish

By Matt Scuffham TORONTO (Reuters) - Royal Bank of Canada reported slightly higher-than-expected quarterly results on Wednesday after rising oil prices allowed it to set aside less money to cover energy companies' bad loans. RBC said its provision for credit losses had fallen 12 basis points to 0.24 percent of its total loans during the quarter, with most of the decline in the oil and gas sector. The bank also benefited from a strong performance from its wealth management and capital markets bus