RBC's Share Price Hits by Higher Yields and Weaker Loonie

The Canadian market is being shaped by higher long-term yields and a softer Canadian dollar, creating a different setting for Royal Bank of Canada (TSX:RY) than its previous sessions.

The company's operations remain centered on banking and capital-markets services, which means the changing market backdrop can influence its business through various channels.

The S&P/TSX 60 provides a broader Canadian market frame for the current session, with the index recording a modest weekly advance despite energy and industrial shares weakening and long-term borrowing costs rising.