RBC CEO Dave McKay Says Changes To Long Standing US, International Trade Policy Has Resulted In A Volatile And Uncertain Operating Environment
May 29 (Reuters) - Royal Bank of Canada RY.TO:
RBC CEO DAVE MCKAY SAYS CHANGES TO LONG STANDING US AND INTERNATIONAL TRADE POLICY HAS RESULTED IN A VOLATILE AND UNCERTAIN OPERATING ENVIRONMENT
RBC CEO MCKAY SPEAKING ON QUARTERLY CONFERENCE CALL
RBC CEO MCKAY SAYS NOT PROJECTING RECESSION IN EITHER CANADA OR THE US, BUT PREVAILING UNCERTAINTY IS DAMPING CONFIDENCE SENTIMENT
RBC CEO MCKAY SAYS EXPECT THE BANK OF CANADA TO CONTINUE TO TAKE A MORE DOVISH STANCE TO SHORE UP CONSUMER SENTIMENT AND GROWTH
RBC CEO MCKAY SAYS EXPECT HOUSING, RESELL ACTIVITY AND MORTGAGE GROWTH TO REMAIN CONTAINED IN THE NEAR TERM
RBC CEO MCKAY SAYS CONTINUE TO SEE SIGNS OF CAUTIOUS BUSINESS SENTIMENT IN CERTAIN AREAS
RBC CHIEF FINANCIAL OFFICER KATHERINE GIBSON SAYS MAINTAINING OUR 2025 ALL BANK NET INTEREST INCOME GROWTH GUIDANCE OF HIGH SINGLE-DIGIT TO LOW DOUBLE-DIGIT
RBC CHIEF RISK OFFICER GRAHAM HEPWORTH SAYS PRUDENTLY BUILDING RESERVES TO ACCOUNT FOR THE UNCERTAINTY AHEAD; EXPECT THE IMPACT OF TARIFFS TO PLAY OUT IN 2026
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