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RBC invests $1B to help Canadian companies scale domestically.
Royal Bank of Canada plans to invest up to $1 billion through a new growth fund to support Canadian companies in scaling domestically.
CEO Dave McKay announced the initiative at RBC’s annual general meeting, noting that many entrepreneurs feel compelled to leave Canada for sufficient capital.
The fund aims to address this gap by providing equity investments to help homegrown businesses grow, while RBC also expands its workforce and capabilities in key sectors like defence and infrastructure.
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RBC invierte $ 1B para ayudar a las compañías canadienses a escalar a nivel nacional.