JOURNAL ARTICLE

RBC to Start $723 Million Fund to Keep Canadian Firms at Home.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Dobby, Christine 3 of 3

Abstract

The article focuses on the Royal Bank of Canada's (RBC) launch of a growth fund aimed at investing up to C$1 billion ($723 million) in Canadian businesses to counteract the trend of entrepreneurs seeking foreign capital. CEO Dave McKay described the initiative as a strategic effort to enhance Canada's economic prospects by supporting domestic companies in scaling and growth. RBC plans to form the fund and continue making direct equity investments, with additional capital raised from third-party investors in a structure similar to a venture-capital fund. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:192903434
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