12:51:56 EDT Fri 17 Jul 2026
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Royal Bank of Canada
Symbol RY
Shares Issued 1,386,599,470
Close 2026-07-16 C$ 303.16
Market Cap C$ 420,361,495,325
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NP says RBC hears Cdns tired of paying more taxes

2026-07-17 09:16 ET - In the News

Also In the News (C-BMO) Bank of Montreal
Also In the News (C-BNS) Bank of Nova Scotia
Also In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)
Also In the News (C-NA) National Bank of Canada
Also In the News (C-TD) Toronto-Dominion Bank

The National Post reports in its Friday, July 17, edition that a recent poll by Ipsos for the Montreal Economic Institute (MEI) shows that 70 per cent of Canadians believe their high tax bills lower their standard of living. The Post's Ellie Hutchins writes that in Quebec, this sentiment is even stronger at 74 per cent, followed by Western Canada at 72 per cent, Atlantic Canada at 68 per cent and Ontario at 66 per cent. Most respondents also feel they pay too much in taxes and think government subsidies are not worth the cost. In addition, 63 per cent of all respondents feel they pay too much income tax (though this is down from a peak of 72 per cent in 2024) and 66 per cent believe that subsidies are not worth the cost of taxes. "Canadians are sending the message that they've had enough of paying more to receive less," Renaud Brossard, vice president of communications at the MEI, said in a press release accompanying the poll. "As grocery and housing prices keep climbing higher and higher, taxpayers are fed up with seeing their governments spending so recklessly." When it came to spending, 52 per cent of Canadians think the federal government spends too much, versus just 5 per cent who say it doesn't spend enough.

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