|Bid||100.49 x 0|
|Ask||100.50 x 0|
|Day's Range||100.03 - 100.70|
|52 Week Range||90.10 - 107.91|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||11.63|
|Earnings Date||Aug 21, 2019|
|Forward Dividend & Yield||4.08 (4.09%)|
|1y Target Est||110.93|
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Pandora A/S, a Danish jewelry company that spent much of last year under attack by hedge funds as it tries to relaunch its brand, jumped in Copenhagen trading after it delivered a smaller decline in operating profit than the market had expected.The stock soared as much as 9.9% during trading in the Danish capital, its biggest gain since February. The Stoxx Europe 600 index was little changed.“With no negative surprises in these results and relative to weak share price performance and bearish investor positioning, the shares may see some short-term relief,” RBC Capital Markets said in a note.Earnings before interest, tax and costs related to Pandora’s restructuring program fell 15% to 1.08 billion kroner ($160 million) in the second quarter, Pandora said on Tuesday. That beat the average estimate of 996 million kroner in a Bloomberg survey of five analysts.The company said it needs to expand its inventory buyback program as part of “additional important restructuring initiatives to improve the structural health of the business,” which will cost an extra 500 million kroner.“As expected, the financial results continued to be weak and impacted by the commercial reset” resulting from its Program Now strategy, Pandora said in a statement. The company reiterated its guidance for the full year and said it sees “early positive signs of the impact” of the new strategy, which envisages cost cuts, fewer discounts and a marketing boost, and whose impact is already “visible in the underlying gross margin, cost levels and cash generation.”The report was the first under Chief Executive Officer Alexander Lacik, who joined in April following a string of departures from Pandora’s top management. He’s under pressure to deliver on Program Now, which was formulated before he joined.Pandora has been hurt by fading consumer interest in its charms and bracelets and the company has also taken a hit from a decline in retail sales at shopping malls. The stock has roughly 75% of its value since a 2016 peak and is heading for a third consecutive year of losses on the Copenhagen stock exchange.“We have said it would get worse before it would get better. We’re just on the verge of getting better,’’ Lacik told Bloomberg.For more:See more on Pandora’s 2Q numbers hereRead Pandora’s full 2Q earnings statement hereRead a transcript of the conference earnings call hereRead Bloomberg Intelligence preview here(Adds CEO comment, updates share price.)\--With assistance from Hanna Hoikkala.To contact the reporter on this story: Christian Wienberg in Copenhagen at email@example.comTo contact the editors responsible for this story: Tasneem Hanfi Brögger at firstname.lastname@example.org, Nick RigilloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Intentions are good, but TFSAs largely misunderstood: Canadians continue to use TFSAs as savings piggy banks, rather than a powerful investing solution
Royal Bank of Canada announces results of conversion privileges of NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shares Series BB
RBC Global Asset Management Inc. announces risk rating decrease to RBC Canadian Bank Yield Index ETF
(Bloomberg) -- Dropbox Inc. tumbled to an all-time low on Friday, extending a recent downtrend as the software company’s latest results failed to convince investors of the bullish narrative that analysts continue to push.The stock dropped as much as 14% on volume that was more than three times the daily average, and the move erased more than $1 billion from the company’s valuation. Friday’s decline not only marked the biggest one-day percentage loss in the company’s history -- it went public in March 2018 -- but it took shares to record intraday lows.Shares have been trending lower for weeks; Dropbox has only risen in three of the past 19 trading days, according to Bloomberg data, and it is down about 30% from a July peak.A weaker-than-expected read on billings was seen as the primary catalyst behind the decline, although analysts remain positive on the company, the decline notwithstanding.“It’s frustrating to face nearly ceaseless negativity and middling performance of the stock,” wrote Richard Davis, an analyst at Canaccord Genuity.“We haven’t broken the bears yet,” he added, but “we’re willing to stick with this name.” Among other factors, Davis cited a product redesign as something that could lead to long-term outperformance.Eleven analysts have the equivalent of a buy rating on the stock, compared with three firms with a hold rating and two advocating selling the stock. The average price target is a little under $30, or 60% above current levels.Here’s what analysts are saying about the results:Canaccord Genuity, Richard Davis“Every relevant forward-looking metric that matters was good for this print and guide.”The product redesign is focused on giving users a good experience, which Davis sees as a long-term tailwind. “It is more likely than not that Dropbox will be able to deliver long-term sustainable growth and, eventually, 30%+ [free cash flow] margins.”Buy rating, $35 price target.Jefferies, John DiFucciThis was a “solid” quarter, with revenue slightly ahead of expectations, “though billings was a bit shy due to a higher mix of monthly invoicing.”The product redesign integrates the service with Slack, Zoom, and Atlassian, and “a unified workspace approach should enable DBX to cross-sell additional products.”Buy rating, $32 price target.RBC Capital Markets, Mark Mahaney“Organic fundamentals remain very much intact,” although “fundamental trends were modestly less robust.” Expects margins to expand in the second half of the year.A product redesign “could lead to a stickier product in the workplace, which can drive robust revenue and fundamental growth trends going forward.”Outperform rating, $32 price target.Nomura Instinet, Christopher EberleThe results were “somewhat underwhelming,” and there “continues to be what we believe is a miscommunication between management and investors.”Raises earnings expectations for 2019 and 2020, but trims price target by $1 to $24. Neutral rating.KeyBanc Capital Markets, Rob OwensThe company’s “rapid innovation cadence and continuous improvement to Company-owned infrastructure justify further upside.”Overweight rating, $35 price target.Bernstein, Zane ChraneNotes a “strong beat” on net paid user additions, although average revenue per user fell short of expectations.Cites higher customer acquisition costs as a concern.Underperform, $19 price target.(Updates stock to show record low, adds KeyBanc commentary.)To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Will Daley, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Reserve Bank Governor Philip Lowe said he’s still prepared to reduce Australia’s record-low interest rates further if needed, though signaled the economy could be through the worst of its slowdown.The central bank’s own estimates, released as Lowe spoke, pushed back expectations for faster economic growth and inflation and a lower unemployment rate. Importantly, these were based on current market pricing for two more RBA cuts that would bring the cash rate to 0.5%. Nonetheless, the RBA chief struck a note of quiet optimism.“There are signs the economy may have reached a gentle turning point,” Lowe said in his opening statement to a parliamentary panel in Canberra Friday. “Consistent with this, we are expecting the quarterly GDP growth outcomes to strengthen gradually after a run of disappointing numbers.”The RBA undertook back-to-back rate cuts in June and July to a record-low 1% as it sought to revive a decelerating expansion and drive down unemployment. It joined developed-world counterparts in easing as the U.S.-China economic confrontation deepens, damping global confidence and investment.“While we might wish it were otherwise, it is difficult to escape the fact that if global interest rates are low, they are going to be low here in Australia too,” Lowe said in his semi-annual testimony. “Our floating exchange rate gives us the ability to set our own interest rates from a cyclical perspective, but it does not insulate us from long-lasting shifts in global interest rates driven by saving/investment decisions around the world.”The Aussie dollar has declined almost 8% in the past 12 months as the economy slowed and money markets boosted bets the RBA would resume easing. The currency climbed Friday morning in Sydney as markets read into the remarks that the governor was gaining confidence that growth could be turning up.Lowe’s remarks “confirmed an easing bias and willingness to cut further to meet the RBA’s objectives, but did not appear to signal any urgency,” said Su-Lin Ong, head of economic and fixed-income strategy at Royal Bank of Canada in Sydney. “Their base case appears to be a hope that monetary and fiscal stimulus will see firmer growth ahead.”Lowe also said it was prudent to be thinking about unconventional policies, though he reiterated that he believed this was unlikely in Australia.The key forecast revisions in the Statement on Monetary Policy released Friday in Sydney were as follows:Core inflation will be around 1.75% next year and reach the bottom of the RBA’s 2-3% target by June 2021, a year later than projected in MayUnemployment will be around 5.25% through 2020 and fall to 5% by June 2021, two years later than projected in MayGDP growth will be slightly lower this year, at 2.5% versus previous estimate of 2.75%Glass Half FullLowe’s gentle optimism expressed in his testimony is based on the RBA’s lower rates, recent tax cuts, a lower currency, a brighter outlook for investment in the resources sector, some stabilization of the housing market and ongoing investment in infrastructure.“It is reasonable to expect that, together, these factors will see growth in the Australian economy return to around its trend rate next year,” he said. Still, even an improving outlook won’t resolve the economy’s underlying challenges.“In the central scenario that I have sketched today, inflation will be below the target band for some time to come and the unemployment rate will remain above the level we estimate to be consistent with full employment,” Lowe said. “While this remains the case, the possibility of lower interest rates will remain on the table.”The governor also highlighted the elephant in the room: the political and economic uncertainty worldwide.“These disputes pose a significant risk to the global economy,” Lowe said. “Not only are they disrupting trade flows, but they are also generating considerable uncertainty for many businesses around the world. Worryingly, this uncertainty is leading to investment plans being postponed or reconsidered.”The RBA chief was pressed several times on the potential for unconventional policy. The cash rate is just 1%, a similar level to the Federal Reserve’s when it undertook QE, and New Zealand’s governor said this week it was possible he would have to consider alternative measures after cutting his rate to 1%.Lowe acknowledged that it was possible that the RBA would end up at the zero lower bound and spelled out the measures taken by international counterparts and some of his thoughts on their efficacy. He also provided a snapshot of his thinking about them for Australia.“I think the focus would be on trying to reduce the risk-free interest rate,” Lowe said. “If we reduced the cash rate down to a very low level, it’s possible as circumstances warranted that we could take action to lower the risk-free rates further out along the term spectrum.”(Updates with economist comment in 7th paragraph.)\--With assistance from Chris Bourke.To contact the reporter on this story: Michael Heath in Sydney at email@example.comTo contact the editors responsible for this story: Malcolm Scott at firstname.lastname@example.org, ;Nasreen Seria at email@example.com, Edward JohnsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Oil advanced for the first time this week after Saudi Arabia signaled it’s taking steps to stabilize the market, which has been rocked by the escalating U.S.-China trade war.While futures in New York rose 2.8% on Thursday, they are still down over 10% in August. Prices got a reprieve after officials from the world’s largest oil exporter said it will keep oil exports below 7 million barrels a day and allocate less crude than customers demand next month. OPEC’s biggest producer will also scale back output in September.That helped oil rebound from the lowest close since January, after it tumbled along with other risk assets this week on concern that the trade spat between Beijing and Washington will hurt the health of the global economy. Growth in world oil demand is slowing and won’t exceed 650,000 barrels a day in 2019, according to major commodities trader Vitol Group.“One of the world’s largest crude suppliers saying they’ll try to re-balance the market is providing traders some comfort,” said Michael Loewen, director of commodity strategy at Scotiabank. “The Saudis will do whatever is necessary to keep the market afloat. They have proven they will do so in the past by cutting supply, so there’s no reason to question whether they’ll do it again.”West Texas Intermediate oil for September delivery advanced $1.45 to settle at $52.54 a barrel on the New York Mercantile Exchange. Brent for October settlement climbed $1.15 to settle at $57.38 on the ICE Futures Europe Exchange. The global benchmark crude traded at a premium of $4.92 to WTI for the same month.Saudi Arabia has already cut production more than required under an agreement between the Organization of Petroleum Exporting Countries and the group’s allies including Russia. Planned gatherings in Abu Dhabi early next month will be critical for leaders of the OPEC+ coalition to signal their intentions on production, said Helima Croft, chief commodities strategist at RBC Capital Markets.Meanwhile, U.A.E. Energy Minster Suhail Al-Mazrouei said on Twitter that “oil market fundamentals are good” and prices are undergoing a “temporary over-reaction, which is driven by speculation.”Financial markets across the globe were hammered over the past week after U.S. President Donald Trump on Aug. 1 threatened to impose 10% tariffs on another $300 billion in goods from China starting next month. The Asian nation’s move to let its currency weaken in response stoked fears of a currency war. The dispute pushed a widely watched Treasury-market recession indicator to the highest alert since 2007.“The market is worried about the broader trade war escalation, Donald Trump and his Twitter finger and indications sliding demand growth will impact the global economy,” said Michael Tran, commodity strategist at RBC Capital Markets.\--With assistance from Ben Sharples, Verity Ratcliffe, Heesu Lee, Grant Smith and Nayla Razzouk.To contact the reporter on this story: Kiran Dhillon in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Simon Casey at email@example.com, Pratish Narayanan, Jessica SummersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Roku Inc. shares soared on Thursday, with the platform for streaming video extending a move into record territory in the wake of its better-than-expected results.The rally is the latest leg up for a stock that has already seen massive gains over the past several months. While some analysts expressed some trepidation over Roku’s valuation, the broad reaction to the print was widely positive. Rosenblatt upgraded its view while multiple firms boosted their price target by hefty percentages. Currently, the average target on Roku stands around $111, up from $88 on Wednesday, according to data compiled by Bloomberg.The stock gained as much as 22% to an intraday record and is up more than 340% from a September low.Here’s what analysts are saying about the results:Rosenblatt Securities, Mark ZgutowiczUpgrades to buy from neutral, price target raised by more than 70% to $134 from $77.This is the second straight quarter where Roku achieved the “trifecta” of strong growth in accounts, hours and average revenue per user.“While Amazon will always be an imminent threat, Roku TV is a runaway train,” and its brand positioning should continue to snowball. “ROKU’s brand and audience reach is essentially ‘out-scaling’ the unowned content model.”RBC Capital Markets, Mark MahaneyRevenue was “significantly” better than expected and it “cleanly” raised its full-year outlook. Fundamentals “were mostly positive,” but valuation remains a concern.Sector-perform rating, price target raised to $107 from $90.Macquarie, Timothy NollenThe company could have as many as 72 million international subscribers in three years.Price target lifted to $110 from $66, but neutral rating affirmed due to valuation.Needham, Laura MartinGiven the company’s growth in active accounts, “it would be foolhardy to try to launch a new [over-the-top] service without Roku, which should drive pricing power.”New streaming services from Disney, Apple, and Warner Bros. can drive value through new subscribers and ad revenue.Buy rating, $120 price target.William Blair, Ralph SchackartAs streaming video takes over for traditional television, “Roku is well positioned to take advantage.”Outperform rating. The valuation “leads us to believe there is upside to $145 through the next 12-18 months.”What Bloomberg Intelligence Says:“Roku is capitalizing on favorable over-the-top video-streaming trends,” and “there is room for growth as Roku broadens its ad platform.” The outlook “remains conservative.”\-- Analyst Woo Jin Ho\-- Click here for the research(Updates stock to market open in third paragraph.)To contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Will Daley, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Oil clawed back some losses after Saudi Arabia contacted fellow crude producers to discuss ways to halt the slide in prices.Futures in New York rose 2.4% in after-hours trading from Wednesday’s settlement. Bloomberg News reported the Saudis have decided the market slump is intolerable and all options are on the table, according to a kingdom official who asked to not be identified.As the world’s largest oil exporter, Saudi Arabia largely orchestrated historic output curbs by the Organization of Petroleum Exporting Countries and allies including Russia to prop up prices. Those efforts have been confounded by booming output from American shale fields and looming concerns about the health of the global economy.West Texas Intermediate oil for September delivery rose $1.23 to $52.32 a barrel in after-hours trading on the New York Mercantile Exchange. That followed a session in which the futures closed at $51.09 a barrel, the lowest level since Jan. 14.Futures fell during Wednesday’s session after the Energy Information Administration revealed the first rise in U.S. crude inventories since early June. Oil was also swept up in a global meltdown of stock and commodity markets after rate cuts in New Zealand, India and Thailand escalated recession fears and spurred a flight to U.S. treasuries and other safe havens.See also: U.S. Oil Likely in China’s Cross Hairs as Trade War DeepensIn the U.S., domestic crude inventories expanded by 2.39 million barrels last week, snapping a seven-week string of declines, according to EIA data. Gasoline stockpiles also expanded, an alarming development during what is typically the peak demand season.The “shocking” increase in U.S. fuel supplies, coupled with a flight from risky assets, means oil “will feel pressure in the days and weeks to come,” said Tariq Zahir, a commodity fund manager at New York-based Tyche Capital Advisors LLC.\--With assistance from Jessica Summers and Javier Blas.To contact the reporter on this story: Alex Nussbaum in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Simon Casey at email@example.com, Joe Carroll, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
RBC Global Asset Management Inc. announces July sales results for RBC Funds, PH&N Funds and BlueBay Funds
Canadian Defined Benefit Pension Plans Post Modest Gains in Q2 2019: RBC Investor & Treasury Services
City National Bank has acquired FilmTrack, a Studio City, California-based company that helps entertainment and media industry companies manage intellectual property rights.
When we invest, we're generally looking for stocks that outperform the market average. And while active stock picking...
(Bloomberg) -- Semiconductor stocks tumbled in on Monday, extending a recent decline as the escalating trade war between the U.S. and China added to headwinds surrounding the sector.Chipmakers were broadly weaker, with the Philadelphia Semiconductor Index down 3.6% in its fifth straight daily decline, its longest such losing streak since October. The benchmark index has lost more than 10% over the five-day slump and trade tensions have been a primary driver of the recent decline, as many chipmakers count China as a major market or as a key part of their supply chainsAmong specific names, Intel Corp. fell 3.4% while Texas Instruments Inc. lost 3.3%; both were in their fifth straight negative session. Micron Technology Inc. was off 5% and Nvidia Corp. sank 5.9%. The VanEck Vectors Semiconductor ETF -- an exchange-traded fund that tracks a basket of chipmakers -- fell 3.2%, and its pre-market trading volume was the highest since May 31, according to data compiled by Bloomberg.Also in focus on Monday was the latest data from the Semiconductor Industry Association, which showed total semiconductor sales fell 17.7% in June.RBC Capital Markets said that within the sub-sector of DRAM memory chips, average selling prices were down 46% in June, “the worst decline since March of 2008.”Analyst Mitch Steves wrote that he was “surprised to see the severity of ASP declines across the board,” although he doesn’t think they are likely to get worse from current levels.While the SIA data showed month-over-month growth of 4.9%, Deutsche Bank described the report as “another soft month of data” and said it came in below the bank’s expectations. The firm affirmed its cautious stance on the sector, with analyst Ross Seymore writing that “headwinds continue in the semi space, corroborated by weak SIA data & 2Q prints/3Q guides in earnings season thus far.”Among notable results, Advanced Micro Devices Inc. cut its full-year forecast last week, while Qualcomm Inc. gave a disappointing fourth-quarter sales outlook. On the upside, Western Digital Corp. reported fourth-quarter revenue that missed expectations, but the company’s chief executive officer said it had “reached a cyclical trough.”Over the weekend, ON Semiconductor Corp. reported second-quarter revenue that missed expectations and gave a weak third-quarter outlook. The stock slumped 9.9% in its biggest one-day drop since November 2015.(Update share prices, adds Nvidia in third paragraph)To contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Will DaleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Russia is acting on a pledge by President Vladimir Putin to shrink the role of dollar in international trade as tensions sour between Washington and Moscow.The shift is part of a strategy to “de-dollarize” the Russian economy and lower its vulnerability to the ongoing threat of U.S. sanctions. But while the central bank was able to quickly dump half of its dollar holdings last year, progress in trade has been slow due to ingrained use of the greenback for many transactions.U.S. Imposes More Sanctions on Russia for Chemical Agent UseThe share of euros in Russian exports increased for a fourth straight quarter at the expense of the U.S. currency, according to central bank data. The common currency has almost overtaken the dollar in trade with the European Union and China and trade in rubles with India surged. The dollar’s share in import transactions remained unchanged at about a third.“There’s been a strong incentive to change, not just for Russia but for its trading partners too,” said Dmitry Dolgin, an economist at ING Bank in Moscow. “The European Union is also now facing trade pressure from the U.S.” pushing them to try to reduce dependence on the dollar, he said.The euro came close to replacing the dollar as the currency of choice for Russian exports to the European Union, with its share climbing to 42% in the first quarter from 32% a year earlier.Russia still relies on the dollar for more than half of its $687.5 billion annual trade, though less than 5% of those deals are with the U.S. Part of Russia’s motivation to shift is that companies suffer delays on as much as a third of international payments in dollars because Western companies have to check with the U.S. whether the transactions are allowed, Russian Finance Minister Anton Siluanov said in December.The euro’s share also increased in Russia’s $108 billion annual trade with China, jumping to more than a third of export settlements in the first quarter from almost nothing at the start of 2018. This shift, which covers commodity sales and big state contracts, has been accelerated by the development of payment infrastructure at the central bank and other lenders, according to Sofya Donets, an economist at Renaissance Capital in Moscow.Trade in yuan is difficult because of capital restrictions that limit foreigners’ access to Chinese assets, Dmitry Timofeev, who heads the Finance Ministry’s sanctions department, told the RBC newspaper.“The yuan isn’t completely convertible, which means it can’t play a significant role in world trade,” Timofeev said.The most dramatic shift is visible in Russia’s $11 billion trade with India. The ruble accounted for three quarters of total settlement in exports between the two emerging markets after they agreed on a new payment method through their national currencies for multi-billion-dollar defense deals.“The trend is likely to continue because the infrastructure for transactions in alternative currencies is improving,” Renaissance Capital’s Donets said. “Russia won’t be able to give up using the dollar completely though, especially for trade of oil.”(Adds link to fresh sanctions story after second paragraph)To contact the reporter on this story: Andrey Biryukov in Moscow at firstname.lastname@example.orgTo contact the editors responsible for this story: Mark Sweetman at email@example.com, Natasha Doff, Gregory L. WhiteFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
TORONTO , July 25, 2019 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced the applicable dividend rates for its Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BB (the "Series BB shares") and NVCC Non-Cumulative Floating Rate First Preferred Shares, Series BC (the "Series BC shares"). With respect to any Series BB shares that remain outstanding after August 24, 2019 , holders will be entitled to receive quarterly fixed rate non-cumulative preferential cash dividends, as and when declared by the Board of Directors of Royal Bank of Canada , subject to the provisions of the Bank Act ( Canada ).
TORONTO , July 22, 2019 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that it does not intend to exercise its right to redeem all or any part of the currently outstanding Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BB (the "Series BB shares") on August 24, 2019 . Subject to certain conditions set out in the prospectus supplement dated May 27, 2014 relating to the issuance of the Series BB shares, the holders of the Series BB shares have the right to convert all or part of their Series BB shares, on a one-for-one basis, into NVCC Non-Cumulative Floating Rate First Preferred Shares, Series BC (the "Series BC shares") on August 24, 2019 .
TORONTO , July 18, 2019 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced an offering of $1.5 billion of non-viability contingent capital (NVCC) subordinated debentures ("the Notes") through its Canadian Medium Term Note Program.
Not ready for primetime? Many Canadian Boomers worry about a retirement savings shortfall: RBC Poll
TORONTO , July 16, 2019 /CNW/ - Wellbeing in the workplace is increasingly important, with good employee health and happiness increasingly linked to better performance and productivity. In fact, according to a recent RBC Insurance poll, the majority of working Canadians (80 per cent) report that their overall wellbeing would improve if their employer were to offer a personalized wellness program that is customized to an individual's specific wellness and health related interests and goals.