CIBC Capital

Royal Bank of Canada keeps its powder dry in pricey U.S. market

Royal Bank of Canada keeps its powder dry in pricey U.S. market

The head of Royal Bank of Canada said Friday that the lender is still eyeing possible acquisitions in the United States, but that prices remain too high in the wake of a massive merger that was recently announced south of the border.Big Canadian banks like RBC have been expanding their operations in the U.S. in…