Canada's RBC bets on AI, keeps growth goals intact despite trade concerns

Q: How long will it take to read this news story?

The story "Canada&#039;s RBC bets on AI, keeps growth goals intact despite trade concerns" has 508 words across 20 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Canada&#039;s RBC bets on AI, keeps growth goals intact despite trade concerns" was covered 5 days ago by Channel News Asia, a news publisher based in Singapore.

Q: How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news. The outlet is headquartered in Singapore and publishes an average of 60 news stories per day. It's most recent story was published 39 minutes ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27374940</li><li>URL: https://beamstart.com/news/canadas-rbc-bets-on-ai-17431067761403</li></ul>

Channel News Asia Logo Channel News Asia 5d ago

Canada's RBC bets on AI, keeps growth goals intact despite trade concerns - Channel News Asia

Quick Summary:

Royal Bank of Canada expects to earn up to about C$1 billion ($699.15 million) from its AI investments, its CEO said at its first investor day since 2018, emphasizing the pivotal role the technology will play in the lender's next growth phase.

Buoyed by an equities rally and a strong economy, more companies are pursuing takeovers and raising capital via stock and bond offerings.

Commercial client sentiment has weakened as companies in some sectors are deferring investments until they have greater certainty on tariff impacts to their businesses, the executives said.