Analysis and discussion of non-markt and market behaviours, economic Term Paper

Analysis and discussion of non-markt and market behaviours, economic analysis of behaviour - Term Paper voiceIts impact on RBC and assorted strategies adopted by the company because of those economic impacts on the organization has withal been discussed in this study. The role of cooperative and policy-making behaviors in relation with the market based behaviors of RBS has been studied. Different strategies and policies that have been employed by RBC or are planning to employ have also been included in this study. Table of Contents Table of Contents 3 Canadian Economy An Overview 5 Financial Sector in Canada An Overview 6 olympian Bank of Canada 7 Stakeholders of RBC 8 Clients 8 Employees 9 Shareholders or Investors 9 SRI Community 10 Suppliers 10 Governments 10 Environmental NGOs 10 stinting and Regulatory Environment of RBC 11 Canada 11 United States 11 Europe 12 Financial Markets 13 Regulatory Environment 13 frugal Impact 14 Corporate Strategies by RBC 15 Corporate Governa nce 15 Risk Management 17 Policies and Procedures 17 Mutual funds and Governance 18 References 19 Canadian Economy An Overview The economic system of Canada is very much similar to that of United States of America. The industrial society of Canada is high tech in nature and is quite affluent in its resources. The standard of living of the people is quite high. There has been a significant growth in various industrial sectors of Canada like mining, manufacturing, services sector, etc. after the end of World War II in the year 1945. It has resulted in the transformation of the Canadian frugality which was rural in nature into an urban and industrial economy. United States serves as the main trading partner of Canada. There have been various trade agreements amid these two countries recently like the North American Free Trade Agreement (NAFTA) and Canada-US Free Trade Agreement (FTA). This has helped in the development of economic integrating and trade between the two countries t o a considerable amount. Three-fourths of the exports generated from Canada are accounted through a substantial amount of surplus in trade with US. Canada is amongst whiz of the largest supplier of oil, gas, electrical power and other energy sources for United States. Canada managed to have a significant growth in its economy during the period of 1993 to 2007 because of its varied inborn resources, modernized plants and labor forces which are highly skilled in nature. At the end of the year 2008, Global Financial Crisis (GFC) had an adverse effect on the Canadian economy and it went into economic recession. In 2009, the country experienced fiscal deficit for the first time in 12 years time. However the major banks in Canada have managed to recover for the ill effects of recession because of its tradition of having strong capitalization and lending practices which are highly conservative in nature. There has been a marginal growth of Canadian economy in the years 2010-2011. By 2005 it is supposed to be able to balance its budget. The petroleum sector of the country is maturement at a rapid pace because of the discovery of many new natural oil reserves in Canada. Canada is ranked in the third stance in the world with regards to the volume of oil reserves present in the country (CIA, 2012). Financial Sector in Canada An Overview The financial services sector of Canadian economy consists of banks, loan companies, trusts, insurance companies, credit unions, securities dealers, companies of mutual funds, leasing companies, insurance agents, financial advisors, different types