Canada's RBC Plans to Deploy up to C$1 Billion to Support Homegrown Companies

Canada's RBC plans to deploy up to C$1 billion to support homegrown companies

RBC plans to invest up to $1 billion through new Canadian growth fund

TORONTO - The head of RBC says the bank plans to launch a growth fund to invest up to $1 billion in Canadian companies in the coming years.

'Time to shift that narrative' — RBC to launch $1-billion fund to help Canadian businesses grow

The RBC fund will make direct equity investments in Canadian companies to help them build and scale.

RBC plans to spend up to $1-billion to boost investments in Canadian companies, CEO says

Dave McKay says Canada will need $1.8-trillion in capital investment to finance major projects and support defence, infrastructure and energy

RBC Plans To Invest Up To $1B Through New Canadian Growth Fund

The head of RBC says the bank plans to launch a growth fund to invest up to $1 billion in Canadian companies in the coming years. Speaking at the bank’s annual general meeting, chief executive Dave McKay said the fund will help companies build and scale in Canada. He says that too often Canadian entrepreneurs feel they need to leave the country to find enough capital to grow. McKay says the bank will also be hiring and expanding in key areas of …