Royal Bank of Canada ( TSX:RY )( NYSE:RY ) is the biggest blue chip of them all in Canada, with well over 100 years of history behind it. The security of the name is present in the fact that its dividend has only recently risen to over 5%. This company has some of the lowest exposure to oil and the Canadian housing market as a percentage of its earnings of all the banks, so it would be a good addition for risk-averse investors.