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Why the Royal Bank of Canada CEO Doesn't See a Recession Looming
4 monthes ago - By Fortune
Stock markets may have hit a snag, but don't worry about a recession quite yet, says the CEO of Canada's largest bank by market capitalization.
“I can't see it,” said David McKay, CEO of the Royal Bank of Canada in a recent interview ahead of his appearance at Fortune 's Global Forum in Toronto Monday. In fact, he added, talk of financial doom and gloom could contribute to a selloff and subsequent downturn. “I worry we'll talk ourselves into a recession. I try not to put a date out there because you might create a problem for yourself.”
His comments come at a time when U.S. stock markets...
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