RY.TO - Royal Bank of Canada

Toronto - Toronto Delayed Price. Currency in CAD
107.96
+1.07 (+1.00%)
At close: 4:00PM EDT
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Previous Close106.89
Open107.02
Bid107.94 x 0
Ask107.99 x 0
Day's Range107.00 - 108.16
52 Week Range90.10 - 108.16
Volume7,016,618
Avg. Volume2,547,378
Market Cap154.824B
Beta (3Y Monthly)0.97
PE Ratio (TTM)12.32
EPS (TTM)8.77
Earnings DateDec 4, 2019
Forward Dividend & Yield4.20 (3.93%)
Ex-Dividend Date2019-10-23
1y Target Est109.29
  • CNW Group

    Rod Bolger of RBC to speak at CIBC's 18th Annual Eastern Institutional Investor Conference

    Rod Bolger of RBC to speak at CIBC's 18th Annual Eastern Institutional Investor Conference

  • CNW Group

    Encore Entrepreneurs: Empty-nest boomers driving small business economy

    TORONTO , Sept. 18, 2019 /CNW/ - Boomers – specifically empty-nesters – are leading the way when it comes to entrepreneurship, challenging the traditional notion of 'sliding into retirement'. Nearly half (42 per cent) of small business owners are boomers compared with 24 per cent who are millennials. Among Canadians who have thought about starting a business, empty nesters are the most likely (46 per cent) to actually have started or purchased one, according to the 2019 RBC Small Business poll.

  • Financial Times

    How the global bond rally lost its fizz

    A $1tn fall in the value of global bond markets this month is rekindling one of the biggest debates in finance: is the bull run in bonds finally coming to an end? For decades, the only way for bond prices has been up, reaching mind-boggling records in recent months.

  • CNW Group

    RBC Global Asset Management Inc. announces RBC ETF cash distributions for September 2019

    RBC Global Asset Management Inc. announces RBC ETF cash distributions for September 2019

  • CNW Group

    RBC Global Asset Management Inc. announces final details on maturity of RBC Target 2019 Corporate Bond Index ETF

    RBC Global Asset Management Inc. announces final details on maturity of RBC Target 2019 Corporate Bond Index ETF

  • CNW Group

    One small step for new investors, one giant leap toward future financial security: Launch of no-minimum requirement by robo-advisor RBC InvestEase

    TORONTO , Sept. 12, 2019 /CNW/ - Canadians who would like to explore online investing no longer need to have any cash saved to open an account and can get started investing with as little as $100 with the introduction of no-minimum requirement by online investment management service RBC InvestEase. This change reflects learnings since the national launch of RBC InvestEase last November and further underscores the online advisor's focus on helping new investors start investing. "We know there are Canadians who want to invest, but don't feel they have enough money or knowledge to take that first step," explained Rajan Bansi , Senior Director, Investments & Advice, RBC InvestEase.

  • Traders Pin Hopes on Draghi for the Next Leg of Emerging-Market Bond Rally
    Bloomberg

    Traders Pin Hopes on Draghi for the Next Leg of Emerging-Market Bond Rally

    (Bloomberg) -- What emerging-market bonds do next depends on whether Mario Draghi plays ball.Provided the European Central Bank president lowers borrowing costs deeper into negative territory and restarts a bond-buying program, high-yielding debt in the developing world may see its popularity soar among investors desperate for returns, according to Union Bancaire Privee. And currencies that aren’t sensitive to the euro, such as the Mexican peso and the Brazilian real, will rise, according to Vanguard Group’s active fixed-income unit.“Following the August correction, one would expect high yielding emerging-market currencies to receive a boost from a dovish message by the ECB,” said Anders Faergemann, a senior money manager at Pinebridge Investments in London. “Latin American currencies stand to benefit more than central and eastern European currencies, which are more correlated with the euro.”Valuations across emerging markets improved after concerns over global economic growth prompted investors to dump yield for quality. The premium investors demand to hold sovereign bonds blew out in August by the most in a year, while a MSCI Inc. index tracking currencies suffered its biggest loss since 2012, making the assets’ allure even more appealing when compared with developed-market debt.Emerging-market dollar debt has returned 11% this year, competing with U.S. junk bonds for the top spot. A dovish Draghi could extend this rally, given the expectations for rate cuts across emerging markets. BNP Paribas sees at least 10 central banks to reducing borrowing costs in September, and 15 by end-2019.With more than 80% of economists surveyed by Bloomberg predicting the ECB will announce a resumption of bond buying, and forecasters seeing the deposit interest rate falling to a record minus 0.5%, here’s what emerging-market investors are saying in the run-up to Thursday’s decision:Daniel Shaykevich, a Pennsylvania-based lead fund manager and co-head of the emerging markets and sovereign team in Vanguard Group’s active fixed-income group:“ECB’s past and expected bond buying has depressed yields around the world and has forced EM and crossover investors into longer duration investment grade bonds such as Saudi and Qatari bonds and high quality Latin American sovereigns such as Peru and Panama”“We’re going into the ECB defensively positioned, but we also own short-dated options to benefit from any upside in EM currencies”“A failure to deliver on market expectations on Thursday would cause a sell-off in higher-quality, longer-dated assets. Unlike riskier bonds, these higher-quality bonds trade at historically tight spreads and don’t have the cushion to absorb higher rates. They also don’t offer sufficient upside into a risk-on move if the ECB delivers beyond expectations”Ksenia Mishankina, a senior credit analyst at Union Bancaire Privee, in London:Emerging-market valuations are attractive compared to European credit. “After adjusting for the hedging costs, investment grade U.S. credit is yielding around 0, whereas emerging-market investment-grade corporate debt is offering a premium of about 90 basis points”Pinebridge’s Faergemann:“‘Anything less than a small rate cut and some type of quantitative easing would be considered a disappointment by the financial markets and would risk a sell off in emerging-market high yield currencies such as the South African rand and the Brazilian real”Morten Lund, an analyst at Nordea Bank AB in Copenhagen:“Draghi will deliver as he almost always does. He is a master at the these press conferences. Therefore, I would bet on lower euro core rates and a weaker euro. Normally, a lower EUR/USD means weaker central and eastern European currencies, but here it should be a risk-on signal. In terms of bonds, I think it is more tricky, but I would bet on lower rates”Francois Savary, chief investment officer at Prime Partners SA in Geneva:“The good surprise would be if there was a reference to possible ETF equity purchase down the road”“In developed markets there is a need for a setback in yields, but not sufficient to penalize EM debt that have a good carry. Moreover I think that a process of liquidity injections in developed markets” is positive for emerging markets. “I remain positive on emerging-market debt. We didn’t reduce our overweight”Tatha Ghose, analyst at Commerzbank AG:“ECB easing is kind of discounted. The economic and inflation downswing here is clear enough that it would be seen as ECB reacting in line with data. In general, we forecast that EURUSD will bottom out at around 1.10 levels and gradually start climbing. If U.S. inflation falls sharply, then one would get the next risk on move in emerging markets”Paul McNamara, a London-based fund manager who helps oversee $9.4 billion in assets at GAM UK:“I think it’s a sideshow, very unlikely to have much of an impact. Growth and the Fed will be the real drivers of emerging-market debt”Piotr Matys, a strategist at Rabobank in London:“A comprehensive stimulus package which we expect the ECB to reveal on Thursday may improve market sentiment”“But we do not anticipate a major outbreak of optimism and positive mood may fade relatively quickly if market skepticism about the ability of major central banks to offset the negative impact of trade war continues to rise”Tsutomu Soma, general manager of the investment trust and fixed-income securities at SBI Securities Co. in Tokyo:Euro-funded carry trades have hitherto been quite popular; further policy easing should exert downward pressure on the euro which would benefit this trade even moreEmerging currencies are not expected to face aggressive sell-offs under a global easing environment, although investors may remain cautious in accumulating massive EM longs\--With assistance from Yumi Teso.To contact the reporters on this story: Selcuk Gokoluk in London at sgokoluk@bloomberg.net;Adrian Krajewski in Warsaw at akrajewski4@bloomberg.netTo contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Tomoko Yamazaki, Alex NicholsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CNW Group

    High-net-worth Canadians shift focus from generating wealth to preserving what they have

    TORONTO , Sept. 11, 2019 /CNW/ - Market uncertainty, geopolitical turmoil and home-grown tax changes have Canada's wealthiest citizens shifting their focus from increasing their wealth to protecting what they have. In a recent global survey1 sponsored by RBC Wealth Management and conducted by the Economist Intelligence Unit, the richest Canadians ranked protecting wealth for the future highest (53%) in a list of financial goals, well above increasing their wealth (34%). When asked what factors most concern them when it comes to preserving wealth, Canadian tax changes were highest on the list (48%) followed by global economic uncertainty (46%) and increased cost of living (45%).

  • Oil Gains as New Saudi Minister Signals OPEC+ Cuts to Continue
    Bloomberg

    Oil Gains as New Saudi Minister Signals OPEC+ Cuts to Continue

    (Bloomberg) -- Oil jumped to the highest in more than a month as investors were reassured that OPEC and its allies would continue to trim production to help balance global oil markets.Futures in New York advanced 2.4% on Monday after newly-appointed Saudi Energy Minister Prince Abdulaziz bin Salman said there won’t be radical change in the policy of OPEC+. A committee made up of key members from the coalition will meet in Abu Dhabi this week to review progress of their deal to cut crude production. Meanwhile, investors are also focused on whether the U.S. and China will put an end to the trade war when officials meet in October.“The bulk of the gains was from the Saudi news,” said Phil Streible, senior market strategist for RJO Futures. “But there is also some optimism from any trade agreements from meetings coming up.”Crude in New York rose for a fourth straight session amid optimism around OPEC policy, with the United Arab Emirates energy minister promising a push to get all members committed to curbs. Meanwhile, Iraq’s oil minister said it was recently obliged to raise oil output due to local demand for electricity and will pump less in the coming months.“Despite no radical change in oil policy, the developments over the weekend continue to underscore the Kingdom’s commitment to stabilizing markets and pushing prices higher,” said Michael Tran, a commodity strategist at RBC Capital Markets.West Texas Intermediate oil for October delivery climbed $1.33 to settle at $57.85 a barrel on the New York Mercantile Exchange.Brent for November gained $1.05 to end the session at $62.59 a barrel on the ICE Futures Europe Exchange, and traded at a $4.86 premium to WTI for the same month.See also: Saudi Arabia Has a New Energy Minister: What It Means for OilPrince Abdulaziz served as deputy petroleum minister for a dozen years and most recently as minister of state for energy since 2017. He takes charge as the Organization of Petroleum Exporting Countries and its allies, most notably Russia, work to bolster prices at a time when a raging trade war between the U.S. and China weighs on global demand.To contact the reporter on this story: Sheela Tobben in New York at vtobben@bloomberg.netTo contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Jessica Summers, Catherine TraywickFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    Why climate change is the new 9/11 for insurance companies

    Amid a cyclical trough in reinsurance pricing, after premiums had been driven down to unsustainable levels by cut-throat competition, he quipped that what the market really needed was a big catastrophe to trigger price rises. The freakish terrorist attack of September 11 2001, when two aircraft were hijacked and flown into the Twin Towers of the World Trade Center, came only a few years later. The cost of reinsurance — the insurance cover bought by insurance companies — spiked.

  • Thomson Reuters StreetEvents

    Edited Transcript of RY.TO earnings conference call or presentation 21-Aug-19 12:00pm GMT

    Q3 2019 Royal Bank of Canada Earnings Call

  • CNW Group

    RBC Global Asset Management Inc. announces August sales results for RBC Funds, PH&N Funds and BlueBay Funds

    RBC Global Asset Management Inc. announces August sales results for RBC Funds, PH&N Funds and BlueBay Funds

  • How Many Royal Bank of Canada (TSE:RY) Shares Have Insiders Sold, In The Last Year?
    Simply Wall St.

    How Many Royal Bank of Canada (TSE:RY) Shares Have Insiders Sold, In The Last Year?

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...

  • Leith Wheeler Canadian Equity Fund Buys 3 Stocks in 2nd Quarter
    GuruFocus.com

    Leith Wheeler Canadian Equity Fund Buys 3 Stocks in 2nd Quarter

    Fund’s largest new holding is mattress retailer Continue reading...

  • CNW Group

    Rod Bolger of RBC to speak at the 2019 Barclays Global Financial Services Conference

    Rod Bolger of RBC to speak at the 2019 Barclays Global Financial Services Conference

  • Saudis Replace Aramco Chair With Wealth Fund Boss Before IPO
    Bloomberg

    Saudis Replace Aramco Chair With Wealth Fund Boss Before IPO

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Saudi Arabia removed Energy Minister Khalid Al-Falih from his position as Chairman of Saudi Aramco, the second time his role has been scaled back in less than a week, as the government prepares to sell shares in the state-owned oil company.Al-Falih said on Twitter that he will be replaced by Yasir Al-Rumayyan, head of the sovereign wealth fund. The appointment of Al-Rumayyan, already an Aramco board member and a key adviser to powerful Crown Prince Mohammed Bin Salman, will separate the Ministry of Energy from Aramco and avoid conflicts of interest as the company prepares for the upcoming initial public offering, according to a source familiar with the thinking behind the decision.Selling a stake in Aramco, which could be the world’s largest IPO, is a key part of Prince Mohammed’s plan to wean the Saudi economy off reliance on oil. Plans for the IPO were put on hold last year as Aramco focused on the $69 billion acquisition of a majority stake in a state chemical maker. The kingdom’s de facto ruler has said he expects Aramco to be valued at over $2 trillion, but analysts see $1.5 trillion as more realistic.Still, the IPO process accelerated again after Aramco completed a $12 billion bond sale in April. International banks started pitching for a role on the IPO last week, according to people familiar told Bloomberg.“I suspect they want to accelerate the IPO timeline,” said Helima Croft, chief commodities strategist at RBC Capital Markets. The Saudi authorities want to “bring a sense of urgency to the issue as this is a big signature initiative of Crown Prince Mohammed.”The move to split oversight of Aramco from the Energy Ministry ends decades of tradition and further reduces Al-Falih’s portfolio after he lost the industry and mining functions in a government reshuffle on Friday. It also highlights the growing importance of the Public Investment Fund, which is set to receive proceeds from the Aramco IPO to reinvest both inside and outside the kingdom.“I congratulate my brother His Excellency Mr. Yasser Othman Al-Rumayyan,” Al-Falih’s Tweet said. It’s “an important step to prepare the company for the public offering, wishing him every success.”When he was first appointed energy minister in 2016, Al-Falih directed a U-turn in Saudi policy in the face of a U.S. shale boom and tumbling crude prices. He led the Organization of Petroleum Exporting Countries to agree to reduce output for the first time in eight years, starting in January 2017, and persuaded other big producers including Russia to join in the cuts. After failing to re-balance the market, Al-Falih organized extensions of the curbs, involving roughly 60% of the world’s oil output, through March 2020.“All this shows that in Saudi Arabia there has been some dissatisfaction at the highest levels on how things have been going,” said Olivier Jakob, managing director at consultant Petromatrix GmbH in Zug, Switzerland. “Al-Falih has not really fully delivered on oil prices. He hasn’t delivered the price that’s required by the Saudi budget. There’s speculation that prices and the IPO are linked and they need higher prices to get the valuation they want for the IPO.”The country needs crude to trade near $80 a barrel to balance its budget, according to research from the International Monetary Fund and Bloomberg Intelligence. It also needs higher oil prices if it’s to achieve a valuation at least close to what Prince Mohammed set as a target.To bolster prices, Saudi Arabia has cut production to less than 10 million barrels a day as part of its agreement with OPEC to limit output. Al-Falih helped broker the deal that brought other producers like Russia into the effort to balance markets by curbing production. The Saudis are doing most of the heavy lifting to support the deal, pumping about 500,000 barrels a day less than they pledged.Al-Rumayyan, a former banker with Saudi Fransi Capital, is governor of the PIF, as the sovereign fund is known, leading its transformation from a sleepy domestic holding company into one of the biggest investors in global technology start-ups. The fund has accumulated stakes in electric carmaker Tesla Inc., ride-sharing company Uber Technologies Inc. and has made a $45 billion commitment to SoftBank Group Corp.’s $100 billion technology fund.The kingdom’s original plan, announced by Prince Mohammed in 2016, was to sell about 5% of Aramco on the Riyadh exchange and at least one international bourse. The listing was pushed back to 2020 or 2021 to allow Aramco to complete the $69 billion acquisition of Saudi Basic Industries Corp.\--With assistance from Grant Smith.To contact the reporters on this story: Riad Hamade in Dubai at rhamade@bloomberg.net;Matthew Martin in Dubai at mmartin128@bloomberg.net;Anthony DiPaola in Dubai at adipaola@bloomberg.netTo contact the editors responsible for this story: Nayla Razzouk at nrazzouk2@bloomberg.net, Riad HamadeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • RBC, TD Bank to pay C$24.5 million to settle forex trading charges: regulator
    Reuters

    RBC, TD Bank to pay C$24.5 million to settle forex trading charges: regulator

    Royal Bank of Canada and Toronto-Dominion Bank have agreed to pay a combined C$24.5 million ($18.5 million) to settle charges of foreign exchange trading malpractices brought against the Canadian banks by a regulator, following a settlement hearing held on Friday. In separate statements of allegations, the Ontario Securities Commission (OSC) said this week that TD and Royal Bank of Canada had failed to have sufficient supervision and controls in their foreign exchange trading businesses from at least 2011 to 2013. "The settlement will send a clear message to firms about the importance of promoting a culture of compliance," Cullen Price, Manager, Market Abuse Team, Enforcement at OSC said during TD's hearing.

  • Reuters

    UPDATE 1-RBC, TD Bank to pay C$24.5 mln to settle forex trading charges -regulator

    Royal Bank of Canada and Toronto-Dominion Bank have agreed to pay a combined C$24.5 million ($18.5 million) to settle charges of foreign exchange trading malpractices brought against the Canadian banks by a regulator, following a settlement hearing held on Friday. In separate statements of allegations, the Ontario Securities Commission (OSC) said this week that TD and Royal Bank of Canada had failed to have sufficient supervision and controls in their foreign exchange trading businesses from at least 2011 to 2013. "The settlement will send a clear message to firms about the importance of promoting a culture of compliance," Cullen Price, Manager, Market Abuse Team, Enforcement at OSC said during TD's hearing.

  • CNW Group

    Dave McKay of RBC to speak at the Scotiabank Financials Summit 2019

    Dave McKay of RBC to speak at the Scotiabank Financials Summit 2019

  • CNW Group

    Canada's agriculture sector on cusp of significant growth and transformation: RBC

    SASKATOON , Aug. 28, 2019 /CNW/ - Canada must embrace a skills agenda and boost innovation to capitalize on the rising demand for agricultural products around the world according to a new report from RBC (www.rbc.com/farmer4). "Within the coming decade, there will be about nine billion people to feed around the world -- over one billion more than today," said John Stackhouse , Senior Vice-President, RBC. The current shortage of Canadian agriculture workers is expected to grow to an estimated 123,000 positions by 2030.

  • Amazon Isn’t Looming as an Automatic World Conqueror
    Bloomberg

    Amazon Isn’t Looming as an Automatic World Conqueror

    (Bloomberg Opinion) -- International expansion is one of Amazon.com Inc.’s greatest opportunities. The company generates close to two-thirds of its e-commerce revenue in the U.S., but it has been bulking up its bet on India and stretching its Prime shopping club into more countries to bring Jeff Bezos’s online bazaar to the world.The scale of those international efforts makes it surprising to see Amazon’s relatively lagging growth outside its home market. Amazon posted roughly the same or quicker e-commerce revenue growth in North America than outside for 11 out of the last 14 quarters, adjusted for foreign-currency movements and making a rough estimate of the lift from Amazon’s acquisition of Whole Foods. This is not an anomaly. In research published this month, RBC Capital Markets analyst Mark Mahaney said the annual growth rate of Amazon’s core North America e-commerce segment had topped currency-adjusted international growth each year since 2010.(2) The pessimistic take on these figures is that Amazon’s international segment isn’t pulling its weight despite heavy investment and the debut of Amazon’s e-commerce services and Prime in more countries. The optimistic scenario is that Amazon is poised for explosive growth once its globe-trotting strategy takes hold.Which of these views proves true rests in part on a question: Does the rest of the world behave like people in Amazon’s domestic market? If the shopping habits of Brazilians, Australians and Indians start to look like those of Americans who reflexively surf to Amazon whenever they need to buy something, Amazon is golden. If not, then optimistic expectations of Amazon’s future might not pan out.Amazon says little about revenue trends by country. I imagine one reason for the growth gap between North America and the rest of the world is Prime, which is the most established in the U.S. out of the 18 or so countries where people can pay for fast, free shipping and other perks. Analysts estimate that Prime members spend at least twice as much on Amazon as customers who aren’t, which makes Prime the engine of Amazon’s e-commerce machine. In large population countries, Prime is a few years old in India and offered with limited features in Brazil, but it’s relatively established in Amazon’s three biggest individual markets outside of North America — Germany, the U.K. and Japan. In Germany and Japan, Amazon’s reported revenue growth last year was about half the pace in the U.S., according to company disclosures that don’t adjust for effects of foreign currency movements.(4) In the U.K., the rate of reported revenue has accelerated significantly in the last few years.It’s tough to draw conclusions from Amazon’s bare-bones geographic disclosures. It’s certainly not encouraging, however, that sales growth in two of Amazon’s biggest and most established international markets are flat-lining or going in the wrong direction. And it’s not great that Amazon’s shopping revenue at home is outpacing its international segment, which has less than half the annual revenue of Amazon’s North America segment.(7) The international segment also posts consistent operating losses.On its quarterly conference calls with analysts, Amazon executives tend to be vague about its geographic sales trends, apart from their eagerness to talk — without many specifics — about the company’s progress in India. Amazon’s chief financial officer, Brian Olsavsky, has said that Amazon is in different stages of growth depending on the country and that over time, “customers behave the same globally.”That’s the optimistic take, that the globe will look like the U.S., where Amazon grabs a 38% share of online retail spending, according to eMarketer. But Amazon’s lagging pace of international sales shows that the company’s considerable savvy and spending power don’t make it a lock in every country.It may be that something isn’t working about Amazon’s appeal in some countries, or the company is having trouble with local retail competition, thorny logistical challenges, apathy among shoppers or prospective vendors or other forces. Maybe the virtuous circle of Prime simply is more powerful in the U.S. than anywhere else. Like many U.S. internet companies, Amazon has been a flop in China, by far the world’s biggest e-commerce market. Honestly, Amazon’s international e-commerce performance is a bit of a mystery, and there’s something to chew on for both Amazon’s bulls and bears. Mahaney estimates that if Amazon can gain even relatively small shares of online shopping in big population countries such as India, Turkey and Mexico, Amazon’s growth will get a significant lift. He forecasts that five countries(5) can generate a combined $25 billion or more in revenue for the company by 2023, at a five-year compound annual growth rate of 31%.To state the obvious, every country is different, and that makes it difficult to predict Amazon’s international prospects. It may be safer to assume that Amazon can’t get traction everywhere in the world but in select markets where Amazon works because of some combination of people’s interest in online shopping, the capability of Amazon or its partners’ delivery networks to move merchandise effectively, the absence of savvy rivals, limited regulatory barriers and other factors.Amazon can see where it’s taking hold and accelerate its efforts in those countries — as the company appears to be doing in India. Even if Amazon doesn’t conquer the entire world, there is plenty of potential. That would, however, take a bite out of Amazon’s total market. It might not be easy for Amazon to conquer the planet. (1) My calculations try to adjust for the temporary lift in year-over-year growth rates from Amazon's August 2017 acquisition of Whole Foods. In the few quarters after the purchase, I assumed that 95% of Amazon's disclosed revenue from its physical stores came from Whole Foods and that all of those sales were reflected in North America, where nearly all Whole Foods stores are situated. In Mahaney's estimates, he takes Whole Foods' estimated revenue out of the equation completely.(2) Amazon’s North America and international segments include only e-commerce revenue. The country-by-country disclosure includes both e-commerce sales and revenue from Amazon’s cloud-computing operation, Amazon Web Services.(3) A counterpoint: It's impressive that Amazon can post fairly consistent 20% growth rates in North America.(4) Mahaney's big five are India, Brazil, Mexico, Australia and Turkey.To contact the author of this story: Shira Ovide at sovide@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • CNW Group

    RBC Expands Healthcare Offering with Membership Program

    TORONTO , Aug. 27, 2019 /CNW/ - Today, RBC Healthcare announced the launch of RBC Healthcare Advantage, a membership program designed to specifically support healthcare professionals at all stages of their careers. The Advantage and Advantage Pro memberships recognize the unique needs of healthcare professionals by combining RBC products and services with access to exclusive benefits and customized rewards and solutions to support their practices and personal lives. After more than a decade serving healthcare professionals, RBC formally introduced RBC Healthcare last year to further enhance offerings and drive unique benefits for the healthcare community.

  • Canadian regulator summons RBC, TD Bank over malpractice charges
    Reuters

    Canadian regulator summons RBC, TD Bank over malpractice charges

    Both banks face charges relating to allegations that their traders used confidential customer information to gain potential advantage in foreign exchange transactions that took place between 2011 and 2013, the regulator said. The hearing will be held on Friday at the commission's office in Toronto. The banks are accused of failing to have sufficient controls in their FX trading business during the three-year period, according to two separate 'statements of allegations' from the Ontario Securities Commission.