Business

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 in Toronto on Tuesday. “We lost market share.”

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