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RBC Origins

The main priority of the new Truth and Reconciliation office is to develop a Reconciliation Action Plan in response to the Truth and Reconciliation Commission of Canada's Call to Action 92. The shift to RBC Origins reveals how the bank intends to apply the principles, norms and standards of a reconciliation framework to its corporate policy and core operational activities involving Indigenous peoples and their lands and resources.

This Call to Action includes an appeal for organizations to commit to meaningful consultations, building respectful relationships and obtaining free and prior informed consent from Indigenous communities before proceeding with economic development projects.

"On this journey, I have joined several RBC executives in engaging with Indigenous leaders from across the country through listening sessions to help us better understand the needs and aspirations of their communities, as well as issues like relationship building and consent," said Dave McKay, president and CEO, RBC. "We are launching a Truth and Reconciliation Office under the banner of RBC Origins to integrate reconciliation work across our bank in new ways, exploring opportunities to better incorporate Indigenous knowledge, practices and principles throughout our business."

Additionally, RBC Origins will bring to life RBC's Purpose Framework – Powering Ideas for People and Planet — which identifies human rights and reconciliation as key focus areas for the bank. It will do this by deepening and understanding of certain reconciliation activities and environmental stewardship practices, honouring the rich and complex heritage, origin stories, practices and principles of Indigenous communities.

RBC’s future plans

Since signing a Memorandum of Understanding with the Assembly of First Nations and pledging to honour the Truth and Reconciliation Commission's Call to Action 92, RBC has been working in collaboration with Indigenous community members, organizations and businesses across three priorities: economy, people and communities.

This includes conducting consultations with these groups through the bank's Listening Circles, which will inform the launch of its inaugural Reconciliation Action Plan and help align meaningful and measurable actions to support reconciliation efforts with Indigenous communities, while helping to increase RBC's transparency and accountability.

"Transformation and innovation don't always have to mean 'net new'. History is not measured in a straight upward line of progress. We can gain so much knowledge through our experiences, stories, histories and ancestors. To solve the big, complex problems our world is facing – like inclusion and climate change – we need to surface valuable knowledge, principles and creativity from every source available," Eni said.

The bank has nine on-reserve branches – which include a newly opened on-reserve branch located in Enoch Cree First Nation – and six agency locations led by teams of Indigenous banking advisors.

RBC has over 17 million clients in Canada, the U.S. and 27 other countries.

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Looking for an RBC product? Consider these options

If you're in the market for a large Ikea purchase, you may be thrilled to learn that the Swedish icon has partnered with RBC to provide a financing loan option for larger purchases at Ikea.

Anyone in the market for a bank account as a newcomer to Canada, will want to compare what RBC offers. You can find out more using the Money guide to the best banks for newcomers.

A new report shows that young Canadians are challenged to find meaningful employment.

For Canadians looking for a mortgage loan, RBC consistently ranks as one of the best for home loans.

Parents looking for a program to help kids learn money management tools should consider a Mydoh account. Mydoh is an RBC program — that is now free! — that helps parents guide kids towards better money management tools.

RBC offers a top-rated robo-advisor investing option.

RBC credit cards

With more than 20 credit cards to choose from, RBC has an option to fit anyone's credit card needs. To help, here are a few of the best credit cards from RBC.

  • RBC Cash Back Mastercard: The RBC Cash Back Mastercard is the easy way to earn cash back on almost everything you buy. Use it for groceries and everyday items—big or small. You can even set up pre-authorized payments to earn cash back effortlessly. Apply for the RBC Cash Back Mastercard and enjoy no annual fees, Up to 2% unlimited cash back on groceries, up to 1% unlimited cash back on everything else and instantly save $0.03/L on fuel and 20% more Petro-Points at Petro Canada when you link your card.

  • WestJet RBC Mastercard: With the WestJet RBC Mastercard, earn 2% back in WestJet dollars on WestJet flights or WestJet vacation packages, as well as 1.5% back in WestJet dollars for everyday purchases. Apply for the card now and, upon approval, receive an annual round-trip companion voucher for $199 CAD (plus taxes, fees, charges and other ATC) for round-trip travel within Canada and to/from the continental U.S. (Excluding Hawaii).

  • RBC Visa Classic Low Rate Option: Looking to build your credit? The RBC Visa Classic Rate Option card can help you achieve that goal and comes with a 12.99% interest rate for purchases and cash advance. If you're currently carrying a balance, you can transfer it for $5 and pay an even lower 3% monthly percentage on your balance to help you pay it down faster. Apply for the RBC Visa Classic Rate Option card and also receive extended warranty and purchase security as well.

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Nicholas completed his master's in journalism and communications at Western University. Since then, he's worked as a reporter at the Financial Post, Healthing.ca, Sustainable Biz Canada and more. Aside from reporting, he also has experience in web production, social media management, photography and video production. His work can also be found in the Toronto Star, Yahoo Finance Canada, Electric Autonomy Canada and Exclaim among others.

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