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News Releases


RBC Dain Rauscher completes acquisition of JB Hanauer

MINNEAPOLIS, MN, May 18, 2007 - RBC Dain Rauscher, Corp., a wholly owned subsidiary of Royal Bank of Canada (RY on TSX and NYSE), announced today it has completed the acquisition of JB Hanauer & Co, Parsippany, New Jersey.

"We are very pleased to welcome a firm that so closely mirrors our strategic approach and our culture," said RBC Dain Rauscher CEO John Taft. "We have not only added talented employees and excellent customers, but we have expanded our presence in key markets within New Jersey, Pennsylvania and Florida."

About RBC Dain Rauscher
RBC Dain Rauscher Inc., a wholly owned subsidiary of Royal Bank of Canada (RY on TSX and NYSE), is one of the nation's largest full-service securities firms. The company serves individual investors and businesses through offices coast to coast, and capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, RBC Dain Rauscher is a member of the New York Stock Exchange and other major securities exchanges, as well as the Securities Investor Protection Corp. RBC Dain Rauscher is part of RBC's Wealth Management segment, which directly serves affluent and high net worth clients in Canada, the United States, Latin America, Europe and Asia, provides asset management and trust services through RBC and third-party distributors and has approximately $500 billion of assets under administration, 3,500 financial advisors and more than $130 billion of assets under management.

About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name of RBC. RBC is Canada's largest bank as measured by assets and market capitalization and one of North America's leading diversified financial services companies. The firm provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. Its corporate support team enables business growth with expert professional advice and state-of-the art processes and technology. The company employs approximately 70,000 full- and part-time employees who serve more than 14 million personal, business, public sector and institutional clients throughout offices in North America and 34 countries around the world. For more information, please visit www.rbc.com.

- 30 - 

Media Contacts:
John Bousquet, RBC Dain Rauscher, (612) 371-2225
Beja Rodeck, RBC, (416) 974-5506

Investor Contacts:
Marcia Moffat, RBC, (416) 955-7803
Amy Cairncross, RBC, (416) 955-7809

For general investor relations information please visit: www.rbc.com/investorrelations.



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