March 1 (Reuters) - Royal Bank of Canada on Wednesday posted a
decline in profit, as the lender set aside higher provisions to brace for
potential loan defaults amid a challenging macro environment.
Canada's biggest lender reported first-quarter overall net income of C$3.2
billion ($2.35 billion), or C$2.29 a share, compared with C$4.1 billion, or
C$2.84 a share, a year ago.
($1 = 1.3593 Canadian dollars)
(Reporting by Jaiveer Shekhawat and Nivedita Balu in Bengaluru; editing by
Uttaresh Venkateshwaran)
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