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News Releases


RBC launches scholarship program for new Canadians

Eligible students have until July 5, 2007 to apply for seven $2,000 awards

TORONTO, May 30, 2007 — Recognizing the important role immigration plays in Canada's social, cultural and economic development, RBC is launching a new scholarship program specifically for young people who have been through the immigration experience.

The new scholarships are designed to encourage students to share their views on how immigration has shaped Canada and to provide advice to others going through a similar experience.

"Many new Canadian families place a top priority on education," said Mark Whitmell, director, Cultural Markets. "We hope the RBC Royal Bank Scholarship for New Canadians will help some of our best and brightest students realize their fullest potential. Given the challenges of beginning a life in a new country, their efforts are worthy of recognition."

Seven scholarships, each worth $2,000, will be awarded to individuals who have graduated high school or CEGEP and are planning to pursue full-time studies at an accredited Canadian college or university this fall. The winners will also be invited to an all-expenses paid awards dinner in Toronto. The deadline for applications is July 5, 2007.

To be eligible for the scholarships, applicants must have been born outside of Canada, and be either permanent residents or citizens of Canada. Applicants must have also achieved at least a 70 per cent average in their previous year of study. Scholarships will be awarded based on academic achievement and three, 250-word essay questions on how immigration has helped to shape the country we live in today.

RBC has implemented several programs to make it easier for new immigrants before and after coming to Canada. As part of this effort, RBC developed a "Welcome to Canada" website (www.rbc.com/canada) that offers information about education, employment, and housing, as well as everything new immigrants need to start banking and investing in Canada.

For more information about RBC Royal Bank Scholarship for New Canadians, as well application forms, please visit www.rbcroyalbank.com/scholarships/newcanadians.

RBC's Scholarship Awards Program offers a diverse range of scholarship awards to help address the critical need for student funding across Canada. In 2006, RBC awarded over 320 scholarships, totalling more than $600,000. Scholarships are available for students studying in high school, pursuing undergraduate studies at college or university, and those entering professional programs in medicine or dentistry. Specialized scholarships are also available to New Canadians, Junior A hockey players, and Aboriginal students. For more information about RBC's Scholarship Program please visit www.rbcroyalbank.com/scholarships.

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Media Contact:
Judi Levita (416) 974-8810


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