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.

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Royal Bank of Canada > Inflation

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Comment by Dibah420on Jan 17, 2023 9:11pm

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RE:Inflation

joeyjr wrote: If high inflation could be compared with the destruction caused by a wildfire and rent and mortgage costs are more than 25% of the problem, raising interest rates by the bank of Canada is like fighting the wildfire with 3 buckets of water and 1 bucket of gasoline. Joey Jr, Honours Economics '91

Use 3 buckets to put out the fire and one to create a firewall.

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