{"id":8577,"date":"2018-01-09T13:07:21","date_gmt":"2018-01-09T19:07:21","guid":{"rendered":"http:\/\/nrgibroker.com\/?p=8577"},"modified":"2018-02-01T12:47:08","modified_gmt":"2018-02-01T18:47:08","slug":"rbc-boss-says-chances-of-nafta-being-scrapped-are-rising","status":"publish","type":"post","link":"https:\/\/nrgibroker.com\/en\/rbc-boss-says-chances-of-nafta-being-scrapped-are-rising\/","title":{"rendered":"RBC boss says chances of NAFTA being scrapped are rising"},"content":{"rendered":"

FROM: Thomson Reuters \/ 9 de Enero de 2018<\/a><\/span><\/p>\n

TORONTO \u2014 Royal Bank of Canada\u2019s Chief Executive Dave McKay said on Tuesday he believes there is now a greater chance that the North American Free Trade Agreement could be scrapped.<\/p>\n

\u201cI think the probabilities are increasing that you\u2019ll have some type of dynamic where there is an announcement of a scrapping of NAFTA,\u201d he said at a Canadian Bank CEO conference hosted by RBC in Toronto.<\/span><\/p>\n

Canadian bankers have expressed concern about the progress of talks to rework the trade agreement and how renegotiations could hamper the ability of clients to do business with customers in the United States and Mexico.<\/span><\/p>\n

McKay said he agreed with other business leaders and the Canadian government that no deal would be better than a bad deal.<\/span><\/p>\n

\u201cWe don\u2019t want to be stuck long-term with a deal that hurts our economy,\u201d he said.<\/span><\/p>\n

\n
McKay also said RBC, Canada\u2019s biggest bank by market value, is now spending $3 billion a year developing new technologies. The bank is one of the biggest Canadian investors in technology such as artificial intelligence and blockchain and has increased the proportion of its technology spending on innovation compared with maintaining existing systems.<\/span><\/div>\n<\/div>\n

\u00a9 Thomson Reuters 2018<\/span><\/p>\n

\"royal<\/p>\n

FROM: Thomson Reuters \/ 9 de Enero de 2018<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

FROM: Thomson Reuters \/ 9 de Enero de 2018 TORONTO \u2014 Royal Bank of Canada\u2019s Chief Executive Dave McKay said on Tuesday he believes there is now a greater chance that the North American Free Trade Agreement could be scrapped. \u201cI think the probabilities are increasing that you\u2019ll have some type of dynamic where there […]<\/p>\n","protected":false},"author":1,"featured_media":8578,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1516,1518,1017],"tags":[1565,1341,1562,1563,556],"class_list":["post-8577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-international-markets","category-news","tag-mckay","tag-nafta","tag-rbc","tag-royal-bank","tag-united-states"],"_links":{"self":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/8577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/comments?post=8577"}],"version-history":[{"count":0,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/8577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media\/8578"}],"wp:attachment":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media?parent=8577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/categories?post=8577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/tags?post=8577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}