RBC CEO Dave McKay Says Bank Well Positioned as Tariffs Create Uncertainty

Royal Bank of Canada signage is pictured in the financial district in Toronto, on Sept. 8, 2023. The Canadian Press/Andrew Lahodynskyj

Royal Bank of Canada may see near-term headwinds that drive lower-than-expected performance, but the bank is well positioned amid the current economic uncertainty, chief executive Dave McKay said Thursday.

Speaking at the big Canadian bank’s first investor day since June 2018, McKay said RBC has started to see some softening across some of its businesses.