RBC Looking at China, Middle East to Diversify, CEO McKay Says

Royal Bank of Canada is looking at China and the Middle East as it diversifies its markets in the face of the geopolitical turmoil sparked by US President Donald Trump’s tariff policies and threats to take over Greenland.

“Our strategy has not included China, up until now,” and “now we have to review that,” Chief Executive Officer David McKay told Bloomberg Television in Davos on Wednesday. “I cannot say how we would go about it, but if the trade continues to diversify and Canadian corporates invest in China, then we will have to be a part of it.”