RBC CEO McKay: Looking at City National Expansion in U.S.

The transcript discusses RBC's strategy for US expansion, focusing on geographic and product line growth. It addresses the impact of regulatory changes, particularly the Dodd-Frank Act, on RBC's operations. The conversation shifts to consumer debt in Canada, highlighting credit provisions and the stability of the Canadian housing market. The discussion emphasizes the importance of balancing supply and demand in maintaining market stability.

What is one of the main strategies RBC is pursuing in the United States?

• Focusing solely on Canadian markets

• Reducing its asset base

• Geographic and product line expansion

• Investing in cryptocurrency

How did RBC respond to the Dodd-Frank Act?

• By expanding its proprietary trading business

• By disbanding its US proprietary trading business

• By acquiring more Canadian banks

• By increasing its US market presence

What was a significant factor in RBC's increased credit provisions in 2016?

• A decrease in Canadian consumer debt

• Higher wholesale write-offs in the energy portfolio

• An increase in US acquisitions

• A rise in cryptocurrency investments

Which regions in Canada are experiencing stress in credit portfolios due to oil-related issues?

• Ontario and Quebec

• British Columbia and Alberta

• Nova Scotia and New Brunswick

• Alberta and Saskatchewan

What is a key factor in the stability of the Canadian housing market?

• Increasing unemployment

• Decreasing immigration

• High interest rates

• Balanced supply and demand

What is a characteristic of the housing markets in Toronto and Vancouver?

• Decreasing property prices

• Balanced demand and supply

• High demand and low supply

• Low demand and high supply

What is a major driver of mortgage credit stability in Canada?

• Decreasing property values

• Unemployment and cash flow

• High inflation rates

• Rising interest rates