Royal Bank of Canada T.RY

Alternate Symbol(s): RY | T.RY.PR.J | RBCPF | T.RY.PR.M | RBMCF | T.RY.PR.N | T.RY.PR.O | T.RY.PR.S | RYLBF

Financial Services

Royal Bank of Canada is a global financial institution. Its business includes Personal & Commercial Banking, Wealth Management, Investor Services, Capital Markets and Insurance. The Personal & Commercial Banking comprises its personal banking operations and certain retail investment businesses in Canada, the Caribbean and United States, as well as its commercial and corporate banking operations in Canada and the Caribbean. Wealth Management provides a full suite of investment, trust and other wealth management solutions and businesses. Capital Markets provides public and private companies, institutional investors, governments and central banks globally with a range of capital markets products and services across its two main business lines, Corporate and Investment Banking and Global Markets. Insurance offers a range of life, health, home, auto, travel, wealth and reinsurance advice and solutions, and creditor and business insurance services to individual, business and group clients.

TSX:RY - Post by User

Royal Bank of Canada

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Comment by naysmitjon Sep 16, 2007 8:56am

376 Views

Post# 13405877

RE: RY is good and loooooong

If you graph RY on the TSX vs RY on the NYSE and then overlay the CDN/US currency, you see that the NYSE price is setting the CDN price, and the reason for the deeper fall in RY on the TSX is that the CDN/US currency spread has narrowed. Unfortunately owning RY on the TSX has subjected us to the negative returns we would have been subjected to by holding stocks listed on the US exchanges. RY:TSX may continue to be under pressure based on currency rather than the results of RY itself.

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