At a downtown Toronto event hosted by Bloomberg Tuesday, David McKay said the lender is engaged in a “very active” market for bank loans to data centres. Demand is high and “we have capacity” to lend even more, he said. (The Logic)

Talking point: As my colleague Chaimae reported, Canada’s Big Six banks have said little publicly about their role in financing data-centre infrastructure in Canada, despite involvement in projects with the likes of QScale, Cologix and eStruxture. McKay said he can’t currently disclose the size of RBC’s data-centre loan book, but that he expects to start sharing more information later this year. McKay said RBC typically finances the physical construction of data centres, looking for operators who have signed long-term leases to big names in AI. Demand for AI compute capacity “is driving an insatiable appetite for all forms of capital debt,” he said.