Royal Bank of Canada (NYSE:RY) FY Conference March 24, 2026 09:30 AM ET Company ParticipantsErica Nielsen - Group Head, Personal BankingConference Call ParticipantsGabriel Dechaine - Managing Director and AnalystGabriel DechaineAll right. I'd like to welcome to the stage Erica Nielsen, Group Head, RBC's Personal Banking division. A job you've had for just under two years now.Erica NielsenYeah.Gabriel DechaineThanks for coming to Montreal, Erica.Erica NielsenThank you.Gabriel Dechainereally appreciate it, an ...

Royal Bank of Canada is deploying artificial intelligence at the operational core of its business, across developer workflows, capital markets infrastructure and enterprise decision-making as the bank pursues a stated target of up to $1 billion in AI-generated enterprise value by 2027.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complet ...

Royal Bank of Canada is deploying artificial intelligence at the operational core of its business, across developer workflows, capital markets infrastructure and enterprise decision-making as the bank pursues a stated target of up to $1 billion in AI-generated enterprise value by 2027.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complet ...

Scott Galloway never claimed to be an activist."I'm too lazy, selfish, socially minded," he told Business Insider on a February call about his unlikely leadership of two movements at once, both with Big Tech in the crosshairs. "I saw an opportunity for a new form of economic activism," he said, "but I'm a long way from being a Cesar Chavez or refusing to give up my bus seat."Later in our call, he analogizes his "Resist and Unsubscribe" initiative — which urges Americans to unsubscribe from Big Tech to prote ...

Core Insights - Royal Bank of Canada (RBC) is successfully implementing its three-year strategy focused on leveraging data and AI capabilities to boost revenues and client acquisition [1][2] - The bank's CEO, Dave McKay, expressed confidence in RBC's progress, stating that AI is impacting all areas of the business, from capital markets to consumer banking [3] AI Implementation - RBC has invested over 5 billion Canadian dollars annually in technology, with a dedicated AI research center, RBC Borealis, established to explore machine learning applications in finance [4] - The bank's capital markets unit has created a new AI and digital innovation team, appointing Lindsay Patrick as chief strategy and innovation officer and promoting Bobby Grubert to head of AI and digital innovation [5] Analyst Insights - RBC analysts now cover approximately 1,700 firms, an increase from about 1,500 in 2023, with a goal of reaching 2,500 [6] - RBC has ranked in the top three on the Evident AI Index for four consecutive years, indicating strong performance in AI maturity among global banks [7] Future Projections - RBC executives anticipate that AI investments will generate between 700 million and 1 billion Canadian dollars in revenue and cost savings by 2027 [9][10] - The bank has established an AI Group to enhance its AI capabilities across the organization, led by Bruce Ross [11][12]

Core Insights - Albert Anthony is a Croatian-American business author and analyst contributing to Seeking Alpha with over 1,000 followers [1] - He has authored a book titled "Investing in REITs: A Fundamental & Technical Analysis (2026 Edition)" available on Amazon [1] - Anthony has a background in business and information systems, having worked at Charles Schwab in the IT department [1] - He operates his own boutique equities research firm, Albert Anthony & Company, remotely [1] - The author has participated in numerous business and innovation conferences and has hosted a program for Online Live TV Croatia [1] - He holds a B.A. in Political Science and various certifications including Microsoft Fundamentals and Risk Management specialization from CFI [1] - Anthony is also active on YouTube discussing REITs and is an investor in REIT stocks [1] Company and Industry Focus - Albert Anthony & Company is a Texas-registered business providing general market commentary and research based on publicly available data [1] - The firm does not engage in personalized financial advisory services or manage client funds [1] - The author does not cover non-publicly traded companies, small cap stocks, or startup CEOs [1]

Goeasy - Goeasy shares fell by $65.90 or 57% to $49.65 on the Toronto Stock Exchange due to an expected $178 million charge for bad loans related to its LendCare business in Q4, along with a writedown of approximately $55 million for loan interest and fees [1] - The company anticipates a net increase in allowance for credit losses on gross consumer loans receivable of $86 million in Q4 compared to the amount reported on September 30 [1][2] Algoma Steel - Algoma Steel reported a net loss of $364.7 million in Q4, widening from a net loss of $66.5 million in the same period last year, resulting in a net loss per common share of $3.36 compared to a loss of 61 cents [4][6] - Consolidated revenue for Algoma Steel was $455 million in Q4, down from $590.3 million year-over-year, with shipments falling 31% to 378,533 tons from 548,802 tons [5][6] - The company incurred direct tariff costs of $60.6 million in Q4 and received $500 million in financing from federal and Ontario governments to address the impact of U.S. steel tariffs [5] Transat A.T. Inc. - Transat A.T. Inc. reported a loss of $29.5 million in its latest quarter, an improvement from a loss of $122.5 million a year earlier, with a loss of 73 cents per diluted share compared to a loss of $3.10 per diluted share last year [9][12] - Revenue for Transat increased by 5% to $870.7 million from $829.5 million a year earlier, with an adjusted loss of $1.18 per share compared to an adjusted loss of $1.90 per share in the previous year [10][12] Royal Bank of Canada - Royal Bank of Canada has acquired fintech company Pinch Financial, which simplifies the mortgage application process, although terms of the agreement were not disclosed [15] - The acquisition aims to enhance the mortgage experience for borrowers by accelerating RBC's digital roadmap for a quicker and more streamlined process [16]

Group 1 - Investors are shifting towards Canada's resource-rich stock market as a safe haven amid AI-related market turmoil, with expectations that new technology will enhance productivity for major companies [1] - The TSX is heavily weighted with "HALO" stocks, which are capital-intensive companies less likely to be disrupted by AI, accounting for 51% of the Toronto stock market compared to 16% for the S&P 500 [2] - The TSX has outperformed Wall Street, with a 28% increase in 2025 compared to a 16% rise in the S&P 500 [2] Group 2 - Energy, materials, industrials, and utilities are the top-performing sectors on the TSX, with energy stocks rising 28% year-to-date, primarily before geopolitical tensions escalated [4] - Foreign investment in Canadian equities surged to $17.2 billion in the last quarter of 2025, a 132% increase from the previous quarter [4] - The sectors of energy and materials are expected to benefit from the capital expenditures required for resource extraction and the energy demands of AI [5] Group 3 - The Canadian government plans to invest over $280 billion in infrastructure, defense, and housing over the next five years, which is expected to support HALO stocks [7] - Global investment in AI infrastructure is projected to exceed $7 trillion over the next decade, indicating significant growth potential for related sectors [6] - Value stocks, including HALO stocks and financials like the Royal Bank of Canada, are anticipated to benefit from long-term productivity increases driven by AI [8]

Group 1 - The CEO of Royal Bank of Canada, McKay, stated that stablecoins have limited problem-solving capabilities in domestic transactions [1] - The comments reflect a cautious stance on the role of stablecoins in the Canadian financial ecosystem [1] - The bank's leadership emphasizes the need for a thorough understanding of the implications of stablecoin usage [1] Group 2 - The discussion highlights the broader context of cryptocurrency regulation and its impact on traditional banking [1] - There is an ongoing debate about the integration of digital currencies into existing financial systems [1] - The bank is likely to continue monitoring developments in the stablecoin space to assess potential opportunities and challenges [1]

Canada is poised to benefit as its government focuses more on its natural resources and demand is boosted by energy disruptions caused by the US and Israeli attacks on Iran, according to Royal Bank of Canada’s CEO https://t.co/6JQcj1PzVq ...