Andrew Coyne: RBC outsourcing controversy an economic fraud

National Post | Full Comment

Reacting to the media firestorm over a Royal Bank subcontractor’s use of temporary foreign workers, Immigration minister Jason Kenney was unequivocal. “The rules are very clear,” he said. “You cannot displace Canadians to hire people from abroad.”

[np_storybar title=”RBC takes heat for Ottawa’s flawed outsourcing policy: CD Howe” link=”http://business.financialpost.com/2013/04/08/rbc-takes-heat-for-ottawas-flawed-outsourcing-policy-cd-howe-expert/”]

Royal Bank of Canada has landed in the middle of a public relations fiasco following reports over the weekend that it is in the process of contracting out jobs of Canadian staffers to lower paid foreign workers.

In this case we’re talking about just 45 positions at RBC Investor Services in Toronto that according to the CBC will be transferred abroad through a deal with iGate Corp., a leading global provider of outsourcing services with significant operations in India.

But it’s not simply the fact that jobs are being lost that’s causing the ruckus — after all, outsourcing is a trend…

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