RBC Launches $1 Billion Canadian Growth Fund

RBC CEO Dave McKay stated at the bank's annual general meeting that the fund directly addresses the challenge Canadian entrepreneurs face in securing sufficient capital within the country. Beyond the fund, RBC is expanding its presence and hiring in key national sectors, including defense, infrastructure, and project finance, and is committed to assisting Canadian companies in their international expansion efforts.

McKay highlighted that Canada requires an estimated $1.8 trillion in capital over the next decade to finance major projects and realize its full economic potential. He noted that foreign direct investment in Canada has reached levels not seen in nearly two decades, signaling global investor confidence in Canada as a stable partner.

McKay emphasized the urgency for Canada to act with purpose and speed to become a premier destination for long-term investment. Specific launch details for the fund will be shared in the coming months, as reported by The Canadian Press on April 9, 2026.