RBC CEO says Canada has been too risk averse for too long
ReutersOct 8, 2025 6:44 PM
CALGARY, Oct 8 (Reuters) - Royal Bank of Canada RY.TO CEO Dave McKay on Wednesday said Canada had been too risk-averse for too long and said what he called excessive caution had resulted in protracted project approval time lines.
"What are we afraid of? We're afraid of making a mistake ... we've bubble wrapped our economy and we're waiting for someone else to solve it, but we have to solve it ourselves," he told the Calgary Chamber of Commerce.
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