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Tag Archives: Royal Bank of Canada

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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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 …

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