
RBC helps to address food insecurity as part of $2 billion toward community investment by 2035 Français
$10 million global donation to help feed communities includes employee matching
TORONTO, June 9, 2025 /CNW/ - RBC, RBC Foundation® and RBC Foundation USA announced they are committing $10 million globally to support organizations that are addressing food insecurity in communities, as part of its ambition to address growing inequality. As part of its Purpose Framework, RBC aims to support inclusive opportunities for prosperity, improving the wellbeing and resilience of its communities. This donation announcement forms part of a commitment of $2 billion toward community investment by 2035.
"Strengthening our communities is at the heart of everything we do. Today, the world is navigating challenging times and our role in giving back has never been more important," said Andrea Barrack, SVP, Sustainability & Impact, RBC. "Food security is a growing need and a critical foundation to a thriving community, and we need broader solutions that help meet the needs of today and tomorrow through food storage, supply and distribution solutions, community support and farming innovation."
RBCers have a long history of supporting their communities, whether it's generously donating time, skills or other resources. To support RBC's commitment to help address food insecurity, RBC employees can also get involved through internal programs to match their donations and volunteer with local community partners focusing on food security.
Organizations receiving the funding are in Canada, the US and the UK, and include: Ottawa Community Foundation, Food Banks Canada, Food Banks of Saskatchewan, Fresh Routes, Harvest Manitoba, World Central Kitchen, FareShare in the U.K., among others.
"Canada is in the midst of a food security crisis, and addressing it requires community-level systemic change. Thanks to catalytic investment from RBC, in partnership with the Ottawa Community Foundation, we are launching long-term, sustainable, and resilient local food initiatives in communities across Canada. The initial project with the Ottawa Mission helps grow fresh greens year-round for their food programs while equipping individuals with hands-on farming training. Other Canadian communities are using this project as a template to replicate, fostering public-private-community collaboration to deliver impact and build more resilient communities," said Corey Ellis, Co-founder and CEO, Growcer.
These single and multi-year community investments come at a time when charities and not-for-profit organizations need more support than ever. According to Feed Opportunity, 8.7 million Canadians experienced food insecurity in 2023, a 26 per cent increase from the previous year. The funding is also part of broader efforts at RBC to support inclusive opportunities for prosperity, including financial wellbeing and skill-building.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 97,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
rbc.com/peopleandplanet.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Globe and Mail
27 minutes ago
- Globe and Mail
Wealthsimple CEO says banks are a tax on Canadians
Wealthsimple Technologies Inc. chief executive officer Michael Katchen says Canada's banking industry has fallen behind its global peers at a critical time for the country. Canadians pay some of the highest banking fees in the world and moving money is a slow process, Mr. Katchen said during a company event Wednesday unveiling the Wealthsimple's new banking products. Canada's financial sector regulators have been grappling with protecting the stability of the financial sector with encouraging competition among stalwarts and newer entrants. Mr. Katchen said the current system puts Canadian consumers at a disadvantage. 'There's too much red tape when you want to put your money to work,' he said. 'Money sits in accounts no one is earning interest on except for the banks themselves. The way I see it, the banks are a tax on all of us – on Canada – and it's time we learn it is okay to demand more.' The Toronto-based online financial services provider – which has more than 3 million clients and oversees $70-billion in assets under administration – is the largest financial institution built in Canada in the last 25 years, Mr. Katchen said. Canada's biggest banks have been under greater scrutiny by Ottawa in recent years. Under the previous Liberal government, the government lowered certain fees for bank customers and levied taxes that extracted billions of dollars from the industry. The federal Finance Ministry also launched a competition review in late 2023 as RBC, the country's largest lender, was preparing to close its takeover of HSBC Bank Canada. But promises to launch an open banking regime – which would enable consumers to securely share their banking data with financial-services providers – and Canada's Real-Time Rail (RTR) project – a new system that would allow payments to be sent and received instantly – have hit lengthy delays. Prime Minister Mark Carney has yet to outline his government's plan for launching open banking. 'Canada's financial services industry is behind the rest of the world,' Mr. Katchen said. 'We have a solid banking system and that is a good thing. But the biggest banks are from a different century, and they were built for a different time.' Competition in Canada's banking sector has also drawn the ire of U.S. President Donald Trump, who has incorrectly claimed that U.S. banks are not allowed to operate in Canada. While there is no such rule, it has been more difficult for foreign banks to enter and compete in Canada's insulated retail banking market. During a Monday event hosted by The Globe and Mail, Ontario Premier Doug Ford questioned why large Canadian banks have developed large retail operations in the U.S., but foreign banks have not managed to do the same in Canada. 'I'm all for open and free banking,' Mr. Ford said. 'Bring the banks in. Wouldn't that be great making the banks more competitive? RBC is down in the U.S., BMO is down in the U.S., TD has more branches down there than they do up here.'


Cision Canada
29 minutes ago
- Cision Canada
Canada Nickel Announces Brokered Private Placement for up to C$8.0 Million in Gross Proceeds
TORONTO, June 11, 2025 /CNW/ - Canada Nickel Company Inc. (" Canada Nickel" or the " Company") (TSXV: CNC) (OTCQB: CNIKF) is pleased to announce that it has entered into a letter agreement (the " Agreement") with Red Cloud Securities Inc. (" Red Cloud") to act as lead agent and sole bookrunner, on behalf of a syndicate of agents including Scotia Capital Inc. (collectively, the " Agents"), in connection with a "best efforts" private placement (the " Offering") for aggregate gross proceeds of up to C$8,000,200 from the sale of up to 9,412,000 units of the Company (each, a " Unit") at a price of C$0.85 per Unit (the " Offering Price"). Each Unit will consist of one common share of the Company (each a " Unit Share") and one-half of one common share purchase warrant (each whole warrant, a " Warrant"). Each whole Warrant shall entitle the holder to purchase one common share of the Company (each, a " Warrant Share") at a price of C$1.20 at any time on or before that date which is 36 months after the Closing Date (as defined herein). The Company has granted to the Agents an option, exercisable in full or in part up to 48 hours prior to the Closing Date, to sell up to an additional 2,353,000 Units at the Offering Price for up to C$2,000,050 in additional gross proceeds. The Company plans to use the net proceeds of the Offering for the advancement of the Company's wholly owned Crawford Nickel Sulphide Project as well as for working capital and general corporate purposes. The Offering is scheduled to close on or around June 26, 2025 (the " Closing Date") and is subject to certain conditions including, but not limited to, the listing of the Unit Shares and Warrant Shares on the TSX Venture Exchange (the " TSX-V"), and the receipt of all necessary approvals including the approval of the TSX-V and the applicable securities regulatory authorities. The Company shall pay to the Agents, on the Closing Date, a cash commission of 6.0% of the gross proceeds raised in respect of the Offering (the " Agents' Commission"). In addition, at the Closing, the Company shall issue to the Agents warrants of the Company (the " Broker Warrants"), exercisable for a period of 36 months following the Closing Date, to acquire in aggregate that number of common shares of the Company which is equal to 6.0% of the number of Units sold under the Offering at an exercise price equal to the Offering Price. The Units will be offered: (a) by way of private placement in all of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (b) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended (the " U.S. Securities Act"); and (c) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The securities to be issued pursuant to the Offering to purchasers in Canada will be subject to a four-month hold period in Canada pursuant to applicable Canadian securities laws. The Units will be offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503 and, accordingly, the securities to be issued pursuant to the Offering to purchasers outside of Canada are not expected to be subject to a four-month hold period in Canada. The securities offered have not been registered under the U.S. Securities Act, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. About Canada Nickel Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM, NetZero Cobalt TM, NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins Nickel District. For more information, please visit For further information, please contact: Mark Selby, CEO Phone: 647-256-1954 Email: [email protected] Cautionary Statement Concerning Forward Looking Statements This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward looking information in this news release includes, but is not limited to: structure and terms of the Offering, the anticipated closing date of the Offering, the intended use of proceeds of the Offering, and approval of the Offering by the TSX-V. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the Company's properties, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, and failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


Vancouver Sun
an hour ago
- Vancouver Sun
BC Ferries deal with Chinese shipyard makes waves in Ottawa
OTTAWA — BC Ferries set off a tidal wave of controversy on Tuesday after announcing a major shipbuilding deal with a Chinese state-owned enterprise, with the ripple effects of the decision reaching Ottawa. Vancouver Island Conservative MP Jeff Kibble raised the issue in Wednesday's question period, accusing the Liberal government of rewarding the provincial carrier for selling out Canada's national interest. 'The Liberals are set to hand over $30 million (in federal subsidies) to BC Ferries while BC Ferries hands over critical jobs, investment and industry to China,' said Kibble. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. BC Ferries said in a press release that it had awarded China Merchants Industry Weihai Shipyards (CMI Weihai) a contract to build four new vessels after a 'rigorous' global bidding process. Company CEO Nicolas Jimenez was quoted in the release as saying that CMI Weihai was the 'clear choice' for the contract given, among other factors, its 'proven ability to deliver safe, reliable vessels on dependable timelines.' Kibble blasted BC Ferries in the House of Commons for buying the ships from China instead of a 'proven Canadian shipbuilder' and pressed the Liberal government to tie federal ferry subsidies to buying Canadian-built ships. Liberal Transportation Minister Chrystia Freeland said that she shared Kibble's concerns about procurement 'at all levels of government' but wouldn't comment directly on the BC Ferries contract, calling it a provincial matter. One politician who hasn't hesitated to criticize the deal is the provincial minister responsible for BC Ferries. B.C. Transportation Minister Mike Farnworth was quick to distance himself from the decision, saying he was worried about the message it sends in the midst of Chinese economic aggression. 'I do have concerns around procuring services from any country that is actively harming Canada's economy through unfair tariffs or other protectionist trade practices. I have shared these concerns with BC Ferries,' Farnworth told the media. Yet, despite his reservations, he ruled out blocking the BC Ferries-CMI Weihai deal. 'BC Ferries is an independent company responsible for its own operational decisions,' said Farnworth. He added that he was 'disappointed' that the contract didn't include more involvement from Canadian shipyards. BC Ferries' head of fleet renewal, Ed Hooper, told Postmedia that no Canadian shipbuilders bid on the contract won by CMI Weihai. Liberal Prime Minister Mark Carney promised to ramp up Canadian shipbuilding during this spring's federal election campaign. The federal government previously awarded the Chinese state-owned company a contract to build a new vessel for east coast ferry operator Marine Atlantic, according to a 2023 filing from Transport Canada. The ship began service between Nova Scotia and Newfoundland in July 2024. Federal Procurement Minister Joël Lightbound didn't respond to an inquiry from the National Post about the BC Ferries-CMI Weihai deal, and didn't indicate whether the federal government would continue to take bids from the company. A spokesperson with Public Services and Procurement Canada told the National Post that CMI Weihai does not appear on the agency's database of active bids. National Post rmohamed@ Get more deep-dive National Post political coverage and analysis in your inbox with the Political Hack newsletter, where Ottawa bureau chief Stuart Thomson and political analyst Tasha Kheiriddin get at what's really going on behind the scenes on Parliament Hill every Wednesday and Friday, exclusively for subscribers. Sign up here . Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .