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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.