Are you looking for a stock?

Try one of these

Related Videos

RBC resolves pending tax matters, freeing $130 million


Royal Bank of Canada (RY-T) said on Monday it has resolved several tax matters, allowing it to release about $130 million previously set aside for potential tax payments.

The funds had been recorded against businesses that were discontinued in previous years, the bank said in a statement.

Canada's No. 1 bank also said it would earn interest income of $50 after tax, related to a refund of taxes paid in previous years.

The financial impact of these settlements will be reflected in its third quarter results.

COMMENTS CTV Two CTV News CTV News Channel BNN - Business News Network CP24