RBC CEO Dave McKay says Canada needs to get out of its own way to secure trade deals.

Canada needs to stop cocooning its economy in bubble wrap and leverage its significant natural resources to create “grand-bargain” trade deals with other countries, the head of Royal Bank of Canada RY-T says.

Speaking at a Calgary Chamber of Commerce luncheon Wednesday, chief executive officer Dave McKay said that with more countries chasing Canadian fossil fuels to secure their energy supplies – including Germany, South Korea and Japan – Canada must move quickly to nail down deals.

“Their people want that product and want it delivered, but they’re not going to wait forever – and they’ve been tired of waiting for a while now. So, we actually have to start looking at pace and speed,” he said.

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