royal bank of canada News

Kathleen Taylor appointed new Royal Bank of Canada chair

Toronto - In a historic first, Kathleen Taylor has become the head of the board for the Royal Bank of Canada (RBC), making her the first woman to head a major chartered bank in Canada.

RBC accused of replacing Canadian staff with temp foreign workers

The Royal Bank of Canada has been accused of replacing Canadian staff with workers that staff trained from India. The Indian workers are in Canada as part of the temporary foreign workers program.

Study: Canadians preparing for financial New Year's resolutions

Toronto - The Royal Bank of Canada (RBC) published its Canadian Consumer Outlook for 2013. It found that the GDP will beat expectations, but it also discovered that a lot of Canadians are already creating New Year's resolutions for 2013 for their finances.

Canadian man pays off student loan in $114,000 cash

Toronto - Last week a Canadian man paid off the remaining balance on his student loan, a total of $114,000 ─ in cash. At the time the story circulated on social media, the man's identity was not known, but this week he has been identified.

Bank Study: Majority of Canadians were on budget over holidays

Toronto - A new published study shows that a strong majority of Canadians were able to stay on budget during their holiday spending bonanza. Almost one-third went over their budget by an average of $467, up $38 from a year ago.

Study finds Canadians saving less, BoC Governor says debt a risk

Toronto - A new study found out that Canadians are saving less than one year ago, but more than half are maintaining a budget. With reports of increasing household debt, Bank of Canada Governor Mark Carney says that can be a risk to the nation's economy.