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The relative importance of government expenditures in the Canadian economy has risen dramatically over the past 70 years, from 15% of the Gross Domestic Product (GDP) in the late 1920s to 40% of GDP in 1980 and 50% in the early 1990s.
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The Royal Bank Award for Canadian Achievement was designed to honour a Canadian citizen or person living in Canada "whose outstanding accomplishment makes an important contribution to human welfare and the common good.
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Royal Bank of Canada (RBC) was founded in 1864. Today, it is the country’s largest chartered bank and financial institution. It has five divisions: Personal and Commercial Banking, consisting of banking operations around the world; RBC Wealth Management, consisting of investment products and services for retail investors; RBC Capital Markets for international investment banking services; RBC Insurance for individual and group clients; and Investor and Treasury Services, providing custody services and fund administration for international clients. Royal Bank is a public company that trades on the Toronto Stock Exchange, New York Stock Exchange and SIX Swiss Exchange under the symbol RY. In 2023, RBC registered $56.13 billion in revenue and $14.9 billion in profit and held $2.0 trillion in assets. Royal Bank employs more than 94,000 people, who serve over 17 million customers in 29 counties.
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Banking and Finance, Royal Commission onBanking and Finance, Royal Commission on (Porter Commission), established 1961 (after the governor of the Bank of Canada, James COYNE, had publicly disagreed with the federal government's economic policies), to examine and to make recommendations for the improvement of "the structure and methods of operations of the Canadian financial system, including the banking and monetary system and the institutions and processes involved in the flow of funds through the capital...
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Macleans
This article was originally published in Maclean’s magazine on Oct. 31, 1997. Partner content is not updated. But they co-operate, nonetheless, in the conviction that everything they say and do on this day will be worthwhile if it helps them push through the merger.
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Article
After shares are issued they may be listed on various stock exchanges and bought or sold through brokerage firms. Shares may be listed on a stock exchange if the companies have the size, stability and financial strength and are willing to report publicly on their operations.
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Editorial
The following article is an editorial written by The Canadian Encyclopedia staff. Editorials are not usually updated. In late October of 1929, terror seized the stock exchanges of North America. Capitalism’s speculative party, with its galloping share prices and its celebrity millionaires, came to an abrupt stop. The Great Crash, it was called, and it was followed by the Great Depression.
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Article
This text is from the free Toronto in Time app, which was created by The Canadian Encyclopedia and is available from the App Store and the Google Play store. Visit its companion website, which is linked below, to explore all the features of the app online.
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