Canada Economy News Today (December 3, 2025): Big Bank Earnings, Cooling Housing and a Cautious Bank of Canada
Royal Bank of Canada reported record annual net income of C$20.4 billion, up 25%, and raised its dividend. National Bank of Canada posted a Q4 net income gain of 11% and also increased its payout. Toronto’s housing market remains weak, and the Bank of Canada is holding interest rates steady. The TSX trades near record highs.