RBC’s McKay says Canada is on ‘wrong path,’ needs tax reform: Bloomberg
CREDIT: RBC
Royal Bank of Canada’s top executive said the country needs a more competitive tax regime and a tighter relationship with the U.S. to get itself back on track, according to Bloomberg’s Derek Decloet. CEO Dave McKay said Tuesday during a question-and-answer session at an event in Toronto that the country is “definitely on the wrong path,” according to the Bloomberg report. McKay didn’t criticize the prime minister by name but said the country has adopted a less competitive tax structure that’s harmful to entrepreneurial risk-taking, the report said.
