Wet’suwet’en Chiefs Namoks, left, Madeek, centre, and Gisdywa traveled to confront and protest Royal Bank of Canada’s funding of Coastal GasLink pipeline and other fossil fuel investments in Toronto on April 7.Nathan Denette/The Canadian Press An ambitious climate plan to cut emissions and sell cleaner energy to the world “could …
Read More »RBC hikes dividend 11%, plans share buyback as earnings fall short of expectations
Royal Bank of Canada’s quarterly profit of $3.9-billion was up 20 per cent year over year but down from the third quarterMark Blinch/Reuters Two major Canadian banks have reported higher fourth-quarter profits and large dividend hikes but still failed to meet Bay Street’s expectations, as narrowing profit margins and lower …
Read More »Opinion: Canada needs a new playbook on climate
A DC Fast EV charging station in a public parking lot in Picton, Ont., on April 30, 2021. New electric-vehicle registrations in Canada currently range from 2 to 3 per cent. Fred Lum/The Globe and Mail Dave McKay is president and chief executive officer of Royal Bank of Canada As …
Read More »Banking regulator says pandemic uncertainty means now is not the time to consider higher dividends, share buybacks
Bank buildings at Toronto’s financial district on Sept. 3, 2020. Fred Lum/The Globe and Mail Canada’s banking regulator will not yet consider lifting restrictions on banks’ dividends and share buybacks introduced at the start of the pandemic, even though the largest lenders continue to amass growing stockpiles of surplus capital. …
Read More »Royal Bank cuts ties with embattled WE Charity
Craig Kielburger, left, and his brother Marc speak at a WE Day event at the Air Canada Centre, in Toronto, on Sept. 28, 2017. Fred Lum/the Globe and Mail Royal Bank of Canada has decided to cut all its ties to WE Charity less than a week after announcing a …
Read More »RBC confirms Mississauga employee tests positive for coronavirus
Canada’s largest bank has confirmed an employee has tested positive for the coronavirus in its Mississauga office complex and has placed a quarantine on all employees working on the same floor as the individual. On Monday, Royal Bank of Canada internally confirmed that an RBC employee – who had been …
Read More »Ottawa Senators hire former Royal Bank and Shaw executive Jim Little as CEO
During his time with RBC, Jim Little was named by the Globe and Mail as one of the top 50 people affecting sport in Canada for his role in the bank’s sponsorship of the Canadian Open. MIKE CASSESE/The Globe and Mail The Ottawa Senators have named Jim Little as the …
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