iGate embroiled in RBC controversy defends hiring practices
The multinational company at the centre of the Royal Bank of Canada’s controversial decision to outsource dozens of Toronto jobs is defending its business practices. iGate says it will “fully...
View ArticleRoyal Bank makes public apology for outsourcing
The Royal Bank is making a public apology to the workers who are being affected by the bank’s outsourcing arrangement with a foreign company. Chief executive Gord Nixon says in a letter to be published...
View ArticleCanadian bankers among highest-paid CEOs in North America
Canadian bankers were among some of the highest-paid banking executives in North America last year, with three in the Top 10, according to a new list compiled by Bloomberg Markets magazine. In all, six...
View ArticleRBC, CIBC profits much higher in last quarter
The Canadian banking sector wrapped up its second-quarter earnings season Thursday with substantially higher profits reported by Royal and CIBC. Royal Bank of Canada had $1.9 billion of net income in...
View ArticleCanada to benefit from a strengthening U.S. economy in 2014, says RBC Economics
RBC Economics says that after another year of mediocre growth, Canada’s economy is expected to perk up in 2014 thanks to strong growth in the United States. The bank’s latest economic outlook is...
View ArticleRBC says home affordability to deteriorate with rising mortgage costs
The Royal Bank of Canada says the ability of Canadians to keep up with housing costs has been improving of late, but warns that’s about to change. RBC’s latest housing affordability measure shows home...
View ArticleRoyal Bank first-quarter net income rises to $2.09B
Royal Bank of Canada says its first-quarter net income was $2.09 billion, up two per cent from a year earlier despite recording a loss on the sale of RBC Jamaica. Royal Bank chief executive Gordon...
View ArticleRBC sees strengthening economic growth in Canada, but loonie falling further
The Royal Bank is predicting relatively strong economic growth for Canada this year and next, although it says the loonie is about to fall even further. The big bank says in a new forecast that...
View ArticleRBC sees Canada’s economy growing, but Alberta’s will boom and create jobs
OTTAWA – The Royal Bank says most of Canada will experience stronger economic growth this year and next, but only Alberta will see the kind of gains that will make a real impact on job creation. The...
View ArticleBanks bracing for possibility oil prices will remain low for prolonged time
Canadian banks are taking a hard look at their energy and consumer loans as they brace for the possibility of a prolonged period of depressed oil prices. The chief executive of Royal Bank of Canada...
View ArticleRoyal Bank makes public apology for outsourcing
The Royal Bank is making a public apology to the workers who are being affected by the bank’s outsourcing arrangement with a foreign company. Chief executive Gord Nixon says in a letter to be published...
View ArticleCanadian bankers among highest-paid CEOs in North America
Canadian bankers were among some of the highest-paid banking executives in North America last year, with three in the Top 10, according to a new list compiled by Bloomberg Markets magazine. In all, six...
View ArticleRBC, CIBC profits much higher in last quarter
The Canadian banking sector wrapped up its second-quarter earnings season Thursday with substantially higher profits reported by Royal and CIBC. Royal Bank of Canada had $1.9 billion of net income in...
View ArticleCanada to benefit from a strengthening U.S. economy in 2014, says RBC Economics
RBC Economics says that after another year of mediocre growth, Canada’s economy is expected to perk up in 2014 thanks to strong growth in the United States. The bank’s latest economic outlook is...
View ArticleRBC says home affordability to deteriorate with rising mortgage costs
The Royal Bank of Canada says the ability of Canadians to keep up with housing costs has been improving of late, but warns that’s about to change. RBC’s latest housing affordability measure shows home...
View ArticleRoyal Bank first-quarter net income rises to $2.09B
Royal Bank of Canada says its first-quarter net income was $2.09 billion, up two per cent from a year earlier despite recording a loss on the sale of RBC Jamaica. Royal Bank chief executive Gordon...
View ArticleRBC sees strengthening economic growth in Canada, but loonie falling further
The Royal Bank is predicting relatively strong economic growth for Canada this year and next, although it says the loonie is about to fall even further. The big bank says in a new forecast that...
View ArticleRBC sees Canada’s economy growing, but Alberta’s will boom and create jobs
OTTAWA – The Royal Bank says most of Canada will experience stronger economic growth this year and next, but only Alberta will see the kind of gains that will make a real impact on job creation. The...
View ArticleBanks bracing for possibility oil prices will remain low for prolonged time
Canadian banks are taking a hard look at their energy and consumer loans as they brace for the possibility of a prolonged period of depressed oil prices. The chief executive of Royal Bank of Canada...
View ArticleRoyal Bank to cut 450 jobs, primarily at GTA head office locations
Royal Bank of Canada said Wednesday it is cutting 450 jobs, primarily from its head office locations in the Greater Toronto Area, as it tries to revamp its business in light of shifting client...
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