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Tag Archives: Royal Bank of Canada

RBC Royal Bank announces change to prime rate

Newswire.ca – Wed Oct 23, 1:31PM CDT TORONTO, Oct. 23, 2024 /CNW/ – RBC Royal Bank is decreasing its prime rate by 50 basis points from 6.45 per cent to 5.95 per cent, effective October 24, 2024. Read more at newswire.ca Provided Content: Content provided by Newswire.ca. The Globe and …

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Banks brace for slowdown as profits come under pressure

Two major Canadian banks are once again building reserves to guard against loan defaults as uncertainty mounts about the prospects of an economic downturn, with Royal Bank of Canada CEO Dave McKay warning that “the end of an economic cycle” is getting nearer. RBC’s RY-T third-quarter profit fell 17 per …

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RBC CEO says employees should be in the office more often

RBC chief executive Dave McKay speaks at the Royal Bank of Canada annual meeting in Toronto on April 6, 2017.Frank Gunn/The Canadian Press The chief executive of Canada’s largest bank is urging employees to return to the office more frequently, and is saying the bank must become more deliberate about …

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