RBC DAIN RAUSCHER OPENS NEW OFFICE IN ORLAND PARK

Orland Park, Ill. (January 16, 2008) - RBC Dain Rauscher, one of the nation's largest full-service securities firms, opened doors to a new branch office in Orland Park on January 11.

The four financial consultants at the branch, Senior Vice Presidents Russ Petrizzo and Mark Wielinga, First Vice President David Gaffney and Vice President Jim Foster, join RBC Dain Rauscher after industry experience most recently with A.G. Edwards.

"We're excited to expand our presence in this affluent area of Illinois," said John Enright, complex director in Oakbrook Terrace, who oversees the branch. "Having these four seasoned professionals join RBC Dain Rauscher does great things for the firm, and helps establish our footprint in this important market."

The Orland Park office, which serves both individual investors and businesses, is temporarily located at 14300 Ravinia Ave, Ste 300, prior to moving into a new permanent location in March of 2008.

About RBC Dain Rauscher
RBC Dain Rauscher Inc., a wholly owned subsidiary of Royal Bank of Canada (RY: TSX, NYSE), is one of the nation's largest full-service securities firms. The company serves individual investors and businesses through offices coast-to-coast, and capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, RBC Dain Rauscher is a member of the Financial Industry Regulatory Authority and other several major securities exchanges, as well as the Securities Investor Protection Corp. RBC Dain Rauscher is part of RBC's Wealth Management segment, which directly serves affluent and high net worth clients in Canada, the United States, Europe, Latin America and Asia, provides asset management and trust services through RBC and third-party distributors and has approximately $500 billion of assets under administration, 3,500 financial advisors and more than $130 billion of assets under management.