RBC CEO McKay Sees Opportunities for Canada Amid Energy Upheaval

Canada is poised to benefit as its government focuses more on its natural resources and demand is boosted by energy disruptions caused by the US and Israeli attacks on Iran, according to Royal Bank of Canada’s chief executive officer.

“Canada is very much on a mission to go leverage our resources again” under Prime Minister Mark Carney after a decade of “ignoring them,” Dave McKay said Tuesday at an RBC Capital Markets conference. Demand for Canada’s liquefied natural gas and minerals is strong in Asia and Europe, he said. “The world is sensing this unprecedented opportunity.”