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TORONTO — Royal Bank of Canada will not cut jobs in 2020 as a result of coronavirus outbreak, Dave McKay, chief executive of Canada’s biggest lender said in an employee memo shared by the company.

“While we’re all living in stressful and uncertain times, we don’t want RBC employees to worry about their jobs,” McKay said in the memo. “That’s why our leadership team has committed there will be no job losses at RBC in 2020 as a result of COVID-19.” (Reporting by Nichola Saminather; Editing by Sandra Maler)