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RBC Launches $1.4B Fund to Invest in Canadian Technology Growth

Royal Bank Of Canada logoRoyal Bank Of Canada
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Royal Bank of Canada is launching the RBCx Growth Fund, a $1.4-billion pool to invest in Canadian technology companies it says could grow into global powerhouses. The fund targets sectors tied to Canada’s strengths and will make direct equity investments in up to 15 firms. CEO Dave McKay plans to pitch it to foreign investors at Ottawa’s Canada Investment Summit, aimed at boosting investment and expanding growth capital.

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