03:24 PM EDT, 09/23/2025 (MT Newswires) -- Royal Bank of Canada (RY) Chief Executive Officer Dave McKay said the US plan to set a 100,000 fee on H-1B visa offers Canada a "material opportunity" to attract tech talent, Bloomberg reported Tuesday, citing an interview with the CEO.

"We have a secular moment where talent's going to stay and more talent might arrive here," McKay said, according to the report. "So we need a tax system and we need to scale with capital" to attract entrepreneurs, he said.

Royal Bank of Canada ( RY ) didn't immediately respond to a request for comment from MT Newswires.

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