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RBC Economics (August 2021). Forward Guidance: Canadian business optimism clouded by escalating input costs. Available at:
RBC Global Asset Management: (August 2021). MacroMemo: Delta confusion / Early cycle / Economic deceleration / Inflation calm / Great is bad? Available at:
The RBC InvestEase Refer-A-Friend program is available to RBC InvestEase clients only. The Referee must be a person with whom the Referrer has a friend relationship or family relationship and who lives in Canada, has reached the age of majority in their province or territory of residence, and opens their first account managed by RBC InvestEase. For both the Referrer and Referee to be eligible to receive the Referrer Bonus and the Referee Bonus, respectively, the Referrer must send their personalized referral link to the Referee and the Referee must open an Eligible Account using the link provided by the Referrer, deposit Qualifying Assets into the account within the first 30 days after the account is open, and hold the Qualifying Assets in the account for the entire Qualifying Period.

An “Eligible Account” refers to a new account approved and managed by RBC InvestEase holding Qualifying Assets for the Qualifying Period. “Qualifying Assets” refer to a net deposit of a minimum of $1,000. The “Qualifying Period” refers to the consecutive 90 day period in which the deposited Qualifying Assets must be held in the Referee’s new account with RBC InvestEase.

For full program details, please visit the RBC InvestEase Refer-A-Friend Program Terms and Conditions.
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Any information, opinions or views provided in this document, including hyperlinks to the RBC InvestEase Inc. website or the websites of its affiliates or third parties, are for your general information only, and are not intended to provide legal, investment, financial, accounting, tax or other professional advice. While information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by RBC InvestEase Inc. or its affiliates. You should consult with your advisor before taking any action based upon the information contained in this document.

RBC InvestEase Inc. is a restricted portfolio manager providing access to model portfolios consisting of RBC iShares ETFs. Each model portfolio holds up to 100% of RBC iShares ETFs. RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. (RBC GAM) and iShares ETFs managed by BlackRock Canada Limited (BlackRock Canada). RBC GAM and BlackRock Canada entered into a strategic alliance to bring together their respective ETF products under the RBC iShares brand, and to offer a unified distribution support and service model for RBC iShares ETFs.

Other products and services may be offered by one or more separate corporate entities that are affiliated to RBC InvestEase Inc., including without limitation: Royal Bank of Canada, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company. RBC InvestEase Inc. is a wholly-owned subsidiary of Royal Bank of Canada and uses the business name RBC InvestEase.

The services provided by RBC InvestEase are only available in Canada.