RBC CEO Says US Visa Fee Gives Canada Chance to Grab Tech Talent

Royal Bank of Canada Chief Executive Officer Dave McKay said the White House’s move to impose a $100,000 fee on H-1B visas is a “material opportunity” for Canada to attract more skilled tech workers.

The new fee, contained in a proclamation from President Donald Trump on Friday, is poised to make it more difficult for US technology companies to bring in employees from abroad. Canada should capitalize on the moment to spur more growth in its own innovation sector, said McKay, whose bank is the country’s largest.

Dave McKay

Photographer: Galit Rodan/Bloomberg

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