The chief risk officer at Royal Bank of Canada says the money it sets aside for potential loan losses is expected to remain elevated for the next few quarters as trade tensions persist, though the economy is showing signs of resilience.

"In the ongoing uncertainty this quarter, we have maintained our prudent posture and retained the elevated weightings to our downside scenarios in line with last quarter," Graeme Hepworth told analysts on a conference call Wednesday to discuss the bank's third-quarter results.

RBC's provision for credit losses for the period reached $881 million, up from $659 million a year earlier.

"We continue to expect PCL and impaired loans to remain elevated for the next few quarters in a similar overall range to what we've experienced over the first three quarters

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