RBC and BlackRock team up to form ETF powerhouse

RBC Global Asset Management Inc. and BlackRock Asset Management Canada Ltd., announced a strategic alliance for their ETFs that will unite them under a single brand, RBC iShares.Canadian Press file photo Royal Bank of Canada and BlackRock Inc. have decided to team up to try to dominate the market in Canada for exchange-traded funds. Two of

Business & Finance

Why retirement planning needs to be a major political issue in 2019 and beyond

Jason Heath: In much the same way governments have encouraged people to save and contribute to their RRSPs using tax refunds, they may need to consider similar incentives to help Canadians focus on the long-term in their retirement planning, including deferring pensions.Illustration by Chloe Cushman/National Post files Retirement planning does not usually get much attention


RBC’s CEO vows improvement on bank’s disappointing mortgage performance

Royal Bank of Canada CEO David McKay.Aaron Harris/Bloomberg Royal Bank of Canada Chief Executive Officer David McKay is vowing to do better on Canadian mortgages after a couple years of disappointing performance. “We competed poorly in 2017 and ’18 in the mortgage space,” McKay, 55, said at the RBC Capital Markets Canadian Bank CEO Conference



Five things you should know before starting your work day on Dec. 13

Via Rail accepted Siemens' bid for its new order of trains, over home-grown Bombardier.Shaun Best / Reuters Good morning! Our stories today have unexpected turns, be it Via Rail’s choice of Siemens over Bombardier for its $1B train order, or Elon Musk’s ability to bring Tesla back from the brink, Sidewalk Labs’ contravention its own