Big six bank puts its own capital behind keeping Canada’s top tech builders at home
Canada has produced entrepreneurs and tech talent who want to build global companies at home for decades, according to McKay, “but when they’re ready to scale, too often they get pulled elsewhere.”
Sid Paquette, head of RBCx, will lead the fund. RBCx is RBC’s technology and innovation arm, and the bank said it has already drawn significant interest in the fund from investors during early discussions.
Paquette said Canadian companies that scale at home attract further investment, build ecosystems, and spawn offshoots.
RBC will use its relationships across client segments to amplify that, he said in the same release.
Supporting figures cited by RBC include Canada’s second-place global ranking in the 2025 Kearney FDI Confidence Index, real GDP growth expected to hold at 2.0 percent in both 2025 and 2026, and a 13 percent effective tax rate on new business investment, which RBC says is the lowest in the G7 and below the US figure of 16.9 percent.
