RBC's third-quarter earnings beat market expectations

A Royal Bank of Canada (RBC) sign is seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie
MoreTORONTO (Reuters) – Royal Bank of Canada on Wednesday reported third-quarter results which beat market expectations, with funds set aside to cover bad loans falling helped by higher oil prices.
Like other Canadian lenders, RBC had seen a rise in loans to oil and gas companies that had turned sour due to declining energy prices.
Canada’s biggest bank also be