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Royal Bank of Canada
Symbol RY
Shares Issued 1,386,599,470
Close 2026-09-11 C$ 285.20
Market Cap C$ 395,458,168,844
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Globe says Sun Life, big banks get behind PM's summit

2026-09-14 07:33 ET - In the News

See In the News (C-SLF) Sun Life Financial Inc

The Globe and Mail reports in its Saturday edition that several of Canada's largest banks and pension funds are pledging billions of dollars in new investment and financing in the country ahead of a major summit next week led by Prime Minister Mark Carney. The Globe's James Bradshaw and Stefanie Marotta write that Sun Life announced an infrastructure investing initiative Friday that seeks to deploy $5-billion over five years to "support Canada's economic growth and resilience, while delivering long-term returns," the company said. The initiative plans to focus on critical infrastructure including digital technology, energy, transportation and logistics. Earlier this month, Royal Bank announced it is launching a $1.4-billion fund aimed at investing in Canadian technology companies, including aerospace and dual-use defence companies, whose products also have non-defence applications. Canadian Imperial Bank of Commerce is committing $2-billion over five years for small- and medium-sized defence-related and dual-use businesses as Ottawa spends to boost the country's military base. Meanwhile, Bank of Nova Scotia has announced it is planning to issue Canadian defence bonds to help raise capital for companies.

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