15:14:09 EDT Tue 14 Apr 2026
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or Name
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CA



Royal Bank of Canada
Symbol RY
Shares Issued 1,397,702,843
Close 2026-04-13 C$ 239.00
Market Cap C$ 334,050,979,477
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Globe/CP say TD hears rich-poor income gap grew in '25

2026-04-14 06:11 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Globe and Mail reports in its Tuesday, April 14, edition that the income gap between Canada's richest and poorest widened last year, as financial markets improved and interest payouts fell, according to Statistics Canada. A Canadian Press dispatch to The Globe reports that the gap, measuring disposable income differences between the top and bottom 40 percent of households, reached 46.7 percentage points in 2025. The result compared with a gap of 46.4 percentage points a year earlier. The wider gap came as the lowest-income households saw wages rise more slowly than the overall average and saw their investment income fall because of lower interest payments on savings, the agency said. Meanwhile, Statscan reports that the top 20 per cent of the wealth distribution accounted for 65.7 per cent of Canada's total net worth at the end of 2025, averaging $3.5-million per household. In contrast, the bottom 40 per cent of the wealth distribution held 3 per cent of Canada's net worth, averaging $81,650 per household. The gap in wealth between the top 20 per cent and the bottom 40 per cent was 62.7 percentage points at the end of 2025, up 0.6 percentage points from a year earlier.

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