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RBC's trading operations, particularly its Global Arbitrage & Trading group, have a strong reputation. This group is known for being impressive and profitable, even maintaining its prop trading desk post-financial crisis when many other banks offloaded theirs. RBC's trading division benefits from the bank's robust balance sheet and its ability to take calculated risks, which sets it apart from other Canadian banks.

When comparing RBC to other Canadian banks like BMO, RBC generally stands out as a leader in the Canadian market, especially in Debt Capital Markets (DCM). However, BMO and other Canadian banks like TD and Scotiabank also have solid trading operations, with each bank having its own niche strengths. For example, BMO is known for its strong culture and relatively low turnover, while TD is recognized for decent deal flow and better work-life balance compared to some peers.

If you're in a program that guarantees a super-day, RBC's trading division could be a great opportunity, especially if you're looking for exposure to a well-capitalized and competitive trading environment.

Sources: RBC Global Arbitrage & Trading, https://www.wallstreetoasis.com/forum/investment-banking/best-ib-groups-in-canada?customgpt=1, The rise of RBC Capital Markets, Citibank in Calgary?, How is RBC viewed on the street? Seeking for objective views.

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