Royal Bank of Canada's CEO David McKay said the bank would be conservative in light of global economic uncertainty and emphasize the growth of its existing businesses over making acquisitions "Royal Bank of Canada's Profit Increases -- Update," at 11:38 a.m. ET on Wednesday, incorrectly stated RBC would avoid acquisitions in the 12th paragraph. (Aug. 22)

(END) Dow Jones Newswires

August 22, 2019 17:49 ET (21:49 GMT)

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