However, the bureau says the financial services market in Canada overall remains very concentrated.
The bureau’s review considered a broad range of sources, including more than 1,500 submissions from Canadians.
The approval will be used in the Finance Minister’s decision-making process on whether to give the final greenlight for the deal to proceed. RBC first announced its proposed takeover of HSBC Canada in November 2022, with a price tag of $13.5 billion.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account.
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