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RBC Royal Bank changes residential mortgage rates

August 21st, 2013 by ,    photos by rbc.com

Press release - Royal Bank of Canada (RY) - August 21, 2013

 
 

TORONTO, August 21, 2013 - RBC Royal Bank announced today that it is increasing its residential mortgage rate offers effective August 22, 2013.

The changes are as follows:

Special Fixed Rate Offers*

Four-Year Closed

3.59 per cent

(increased by 0.20 per cent)

Five-Year Closed

3.89 per cent

(increased by 0.20 per cent)

Seven-Year Closed

4.19 per cent

(increased by 0.20 per cent)

Ten-Year Closed

4.59 per cent

(increased by 0.30 per cent)

Fixed Rate Posted Rates

Three-Year Closed

3.95 per cent

(increased by 0.20 per cent)

Four-Year Closed

4.74 per cent

(increased by 0.20 per cent)

Five-Year Closed

5.34 per cent

(increased by 0.20 per cent)

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Full press release

Entrepreneur

RBC inks first deal for its Social Finance Initiative, investing $500,000 in MaRS Cleantech Fund

August 21st, 2013 by ,    photos by rbc.com

Press release - Royal Bank of Canada (RY) - August 21, 2013

 
 

TORONTO, August 21, 2013 — MaRS Discovery District today announced that the RBC Generator, the impact investing arm of RBC’s Social Finance initiative, has invested $500,000 in the MaRS Cleantech Fund, Canada’s most active dedicated early-stage cleantech venture fund. This is the first deal announced through the RBC initiative.

Launched in 2012, the MaRS Cleantech Fund aims to provide early-stage funding to companies developing next-generation clean technology breakthroughs with global markets, deep intellectual property, and capital-lean business models. The fund also leverages the strength of a non-exclusive, strategic relationship between MaRS and the private sector.

The RBC Generator provides financing for enterprises that address clean water, energy efficiency or employment opportunities for youth or disadvantaged groups.

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Full press release

Stock Market

RBC Global Asset Management Inc. announces July sales results for RBC Funds and PH&N Funds

August 7th, 2013 by ,    photos by rbc.com

Press release - Royal Bank of Canada (RY) - August 7, 2013

 
 

TORONTO, August 7, 2013 — RBC Global Asset Management Inc. today announced July net sales of $388 million. Long-term funds had net sales of $436 million and money market funds had net redemptions of $48 million. Assets under management increased by 1.9 per cent.

"July proved to be a positive month as we continued to capture a significant portion of industry long-term mutual fund net sales," said Doug Coulter, president of RBC Global Asset Management Inc. "Investors and advisors appear to be shifting to more balanced products and as a result, our Select Conservative and Select Balanced portfolios saw strong inflows as attractive solutions for long-term growth."

Sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC).

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Stock Market

RBC Global Asset Management Inc. announces June sales results for RBC Funds and PH&N Funds

July 5th, 2013 by ,    photos by https://www.facebook.com/rbcroyalbank

Press release - RBC Royal Bank of Canada (RY) - July 5, 2013

 
 

TORONTO, July 5, 2013 — RBC Global Asset Management Inc. today announced June net sales of $318 million. Long-term funds had net sales of $268 million and money market funds had net sales of $50 million. Assets under management decreased by 1.6 per cent.

“In a period where we saw turbulence return to capital markets, RBC Global Asset Management continued to attract a leading share of industry long-term mutual fund net sales,” said Doug Coulter, president of RBC Global Asset Management Inc. “RBC North American Value Fund remained a preferred choice among investors and advisors. As a result, the fund recently surpassed $1 billion in assets."

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Stock Market

Winnipeg Convention Centre name to change

July 2nd, 2013 by ,    photos by https://www.facebook.com/rbcroyalbank

Press release - RBC Royal Bank (RY) - July 2, 2013

 
 

WINNIPEG, July 2, 2013 - The Winnipeg Convention Centre will now be known as the RBC Convention Centre Winnipeg, thanks to a naming rights partnership agreement between the Convention Centre and RBC Royal Bank. As construction begins on the empty parking lot on York Avenue, today's announcement is another chapter in the over $180+million expansion and renovation project.  

Present at the announcement were Manitoba Premier Greg Selinger, the MP for Winnipeg South Centre, Joyce Bateman, and Winnipeg Mayor Sam Katz, who all heralded the importance and significance of this announcement and expansion project.  

"Manitoba continues to solidify its presence as an important economic and cultural centre through facilities such as the RBC Convention Centre Winnipeg which brings local, national and international visitors to our Province," said Premier Selinger. "The expansion of the Convention Centre is another long-term important step to supporting the renewed energy that is revitalizing downtown Winnipeg; helping Winnipeg and all of Manitoba thrive. This project will ensure Winnipeg's economy remains strong and attract events that will benefit Manitobans in the years to come."  

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 Full press release