Keldon Bester News Today

Shares of Canadian Western Bank surged Wednesday on the news National Bank was buying it at a $5-billion valuation, while shares of other mid-sized banks also saw some gains as the acquisition trend continued. CWB shares closed up 68.

Canada's competition bureau commissioner wants more power to tackle corporate greenwashing, as the agency finds itself investigating the country's largest bank and major oilsands companies.

The Competition Bureau is investigating the use of restrictive real estate clauses in the Canadian grocery sector.

A fundamental policy shift with government and regulators is needed to make mobile service plans more affordable and accessible for customers in regions such as northeastern Ontario, according to telecommunications experts.

ISED Canada has suggested Canadians consider switching service providers to beat price hikes on wireless services. 

Though Canada’s commissioners do not have the same powers as their counterparts in the United States or Europe, the role is core to our competition policy framework

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HSBC says it expects the sale of its Canadian operations to RBC to officially close in the first quarter of 2024.

HSBC says it expects the sale of its Canadian operations to RBC to officially close in the first quarter of 2024 after the transaction passed its final hurdle on Thursday with the approval of Finance Minister Chrystia Freeland.

The rubberstamped sale of HSBC's Canadian operations to RBC will lessen competition onmortgage rates, says one analyst who touted the bank's key role in lowering borrowing costs through its presence in Canada.