The Globe and Mail reports in its Wednesday edition that RBC is launching a $1.4-billion fund aimed at investing in Canadian tech companies that the lender believes could grow into "global powerhouses," just days ahead of Ottawa's summit geared at attracting foreign investment. The Globe's Stefanie Marotta writes that the RBCx Growth Fund will focus on sectors where it believes the country's greatest strengths lie, as a way to help Canadian entrepreneurs grow their businesses in Canada. RBC chief executive officer Dave McKay plans to pitch the fund to foreign investors at next week's Canada Investment Summit, which is part of Ottawa's efforts to bolster its nation-building ambitions and diversify trade and global partnerships away from the United States. Canada is "just not scaling these companies that we need to form the next great multinational corporations," Mr. McKay told The Globe. "We've seen this for quite some time. We've watched it atrophy, and we decided we had to do something about it." As start-ups scale beyond early-stage financing, fewer sources of Canadian capital are available for growth-stage companies looking to expand their revenues. In recent years, access to growth capital in Canada has degraded.