Royal Bank of Canada (RY.TO) Stock Is Slowly Collapsing By 1.42%

On Monday, the company’s stock initiated with Can$126.63 within four days it has surged by 2%. On July 16, the price was at Can$129.01, and since that day, it plummeted to Can$127.95. Right now, the stock is slowly collapsing by 1.3%. Last Friday, the volume reached 9,211,465 million shares, while the average volume was barely 3,602,498 million.

Today, the Royal Bank of Canada announced the successful completion of a 5-year placement of green bonds for $ 750 million. The deal is the second placement of RBC’s green bonds after its first 5-year green bonds worth 500 million euros in 2019 considerably that it represents the first issue of RBC within the framework of the Sustainable Bond System, which was launched in 2020 as part of the bank’s obligations to promote its sustainable financial and environmental, social and managerial leadership (ESG).

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In February 2021, RBC announced achievement and bolder goals as part of its Climate Plan, with an increased commitment to mobilize $ 500 billion for supportable financing by 2025 after reaching its initial $ 100 billion commitment in 2020. RBC has also committed to net-zero emissions in lending by 2050, following the global goals of the Paris Agreement.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.

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