Royal Bank of Canada (TSX: RY) (NYSE: TSX) today announced an offering of $1.5 billion of non-viability contingent capital (NVCC) subordinated debentures ("the Notes") through its Canadian Medium Term Note Program.
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,700.50, up 100.90 points): Suncor Energy Inc. (TSX:SU). Energy. Up $1.74, or 3.92 per cent, to $46.09 on 13.9 million shares. Barrick Gold Corp. (TSX:ABX). Materials. Down 27 cents, or 1.02 per cent, to $26.21 on 11.3 million shares. Royal Bank of Canada (TSX:RY). Financials. Up $2.12, or 1.59 per cent, to $135.61 on 11.2 million shares. Whitecap Resources Inc. (TSX:WCP). Energy.
Some of Canada's top investment banks plan to maintain staffing levels to meet client expectations for the same level of coverage through the ups and downs of business cycles, head hunters and industry executives said. U.S. investment banks, including Goldman Sachs, began cutting over 3,000 employees on Jan. 11 citing a challenging macroeconomic environment, raising fears Canadian banks may follow suit. Like their global peers, many Canadian investment banks had staffed up during the pandemic only to see dealmaking slow last year.