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Tony
Vice-Chairman, RBC Wealth Management
Tony Loffreda is a prominent Canadian business executive and senator with an extensive career in the financial services industry. He served as Vice-Chairman of RBC Wealth Management from June 2016 to October 2019.1
Career Highlights
Banking Experience:: Tony Loffreda has over three decades of experience in the banking sector, with a significant portion of his career at RBC (Royal Bank of Canada). His roles at RBC included:
- Vice-Chairman, Executive, RBC Wealth Management (2016-2019)
- Regional Vice-President, Commercial Financial Services - Quebec Headquarters (2007-2016)
- Vice-President, Business Development, Commercial Financial Services (2005-2007)1
Prior to RBC:: Before joining RBC, Loffreda held senior positions at the National Bank of Canada from 1991 to 2005, including roles in Commercial Banking and Corporate Banking.1
Education and Professional Qualifications
- Bachelor of Commerce with a major in Accounting from Concordia University (1981-1985)
- CPA designation from the University of Illinois1
Current Role
As of September 2024, Tony Loffreda serves as a Senator in the Canadian Senate. He was the first Canadian-born Senator of Italian origin to be nominated to this position.1
Notable Achievements
- Led RBC teams to top rankings in client satisfaction, business growth, and market contribution
- Instrumental in launching the Mergers & Acquisition Mid-Market Quebec division
- Served on various executive committees at RBC, including Human Resources, Donations, and the National Executive Real Estate Credit Capital Commitments Committee1
Tony Loffreda's career demonstrates a strong background in commercial banking, wealth management, and public service, making him a respected figure in Canadian finance and politics.
Highlights
Yesterday night, I was proud to attend the 2025 Cedars Gala and 60th anniversary of the Cedars Cancer Foundation — A Journey Through Time as a supporter and personal donor.
A huge thank you and congratulations to longtime Foundation President and longtime friend Jeff Shamie for his extraordinary leadership and unwavering commitment to the Cancer Care Mission of the MUHC. A well-deserved honour during the evening!
Congratulations to the entire committee, and to all donors and sponsors, for an extremely successful campaign and event — and for making a difference!
“When a community unites around compassion, hope becomes unstoppable.”
#CedarsGala #CancerCare #MUHC #CommunityImpact
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Hier soir, j’ai eu l’honneur de participer au Gala des Cèdres 2025 et au 60e anniversaire de la Fondation du cancer des Cèdres — Un voyage à travers le temps en tant que soutien et donateur personnel.
Un immense merci et bravo au président de longue date de la Fondation et à mon ami de longue date, Jeff Shamie, pour son leadership exceptionnel et son engagement indéfectible envers la mission des soins du cancer au CUSM. Un hommage pleinement mérité au cours de la soirée!
Félicitations à tout le comité, ainsi qu’à tous les donateurs et commanditaires, pour une campagne et un événement d’une réussite exceptionnelle — et pour faire une réelle différence!
« Lorsqu’une communauté s’unit autour de la compassion, l’espoir devient irrésistible. »
#GalaDesCèdres #SoinsContreLeCancer #CUSM #SolidaritéCommunautaire

Twice a year, our Committee on Banking, Commerce and the Economy usually has the privilege of welcoming the Governor and Senior Deputy Governor of the Bank of Canada. Once again, we were happy to welcome Tiff Macklem and Carolyn Rogers to our committee last week.
Their appearance coincided with the Bank’s most recent Monetary Policy Report and decision to reduce its target for the overnight rate by 25 basis points to 2.25%.
I asked Governor Macklem about the path ahead for interest rates and inflation. With shelter and food costs still high, Canadians deserve clarity on when inflation will return to 2%—and which indicators will shape the timing and pace of future rate cuts.
Deux fois par année, notre Comité des banques, du commerce et de l’économie a habituellement le privilège d'accueillir le gouverneur et le première sous-gouverneure de la Banque du Canada. Une fois de plus, nous avons été heureux d'accueillir Tiff Macklem et Carolyn Rogers au sein de notre comité la semaine dernière.
Leur visite coïncidait avec la publication du dernier Rapport sur la politique monétaire de la Banque et sa décision de réduire de 25 points de base le taux cible du financement à un jour, le ramenant à 2,25 %.
J'ai interrogé le gouverneur Macklem sur l'évolution future des taux d'intérêt et de l'inflation. Les coûts du logement et de l'alimentation restant élevés, les Canadiens méritent de savoir clairement quand l'inflation reviendra à 2 % et quels indicateurs détermineront le moment et le rythme des futures baisses de taux.
