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Canada's RBC says AI investments to shape growth strategy
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Canada's RBC says AI investments to shape growth strategy
Mar 27, 2025 6:07 AM

March 27 (Reuters) - Royal Bank of Canada CEO

Dave McKay on Thursday underscored the role of artificial

intelligence in fueling the top Canadian lender's next phase of

growth.

"We have an ambition to deliver more value and personalized

experiences... and become more cost-efficient while doing so," he

said at the bank's first investor day in seven years.

The lender will also look to increase share across all

businesses in Canada, while growing fee-paying businesses such

as capital markets and wealth management.

However, uncertainties caused by tariffs could slow some of

the bank's momentum, McKay said.

"Commercial client sentiment has weakened as companies in

some sectors are deferring investments until they have greater

certainty on tariff impacts to their businesses," he said.

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