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Stock impact report

Federal election campaign neglects competition concerns in banking [Globe and Mail, The (Toronto, Canada)]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Log in or create a free account to listen to this article. In a federal election campaign marked by the threat of U.S. President Donald Trump’s trade war, the two main parties competing to lead the next government have largely neglected the intensifying debate over waning competition and innovation in the country’s banking sector. In recent years, mounting regulatory pressures and delays to key infrastructure have prompted questions over whether the country’s banks could keep pace with global competitors. As Canada’s productivity declines and economic growth slows, critics say the country’s apathy toward change in the banking industry risks further burdening consumers and businesses as the threat of a recession looms. Under former prime minister Justin Trudeau, the federal government proposed and implemented several policies to address gaps in financial services. But when Mark Carney’s Liberals released their election platform last week, banking regulation was missing from the disc Show less Read more
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