Freeland Approves RBC’s $13.5-Billion Takeover of HSBC Canada With Conditions

Freeland Approves RBC’s $13.5-Billion Takeover of HSBC Canada With Conditions
Finance Minister Chrystia Freeland rises during Question Period in Ottawa on Dec. 12, 2023 The Canadian Press/Adrian Wyld
The Canadian Press
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Finance Minister Chrystia Freeland has approved RBC’s $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition.

Ms. Freeland’s approval was the last hurdle for the deal after the Competition Bureau approved it in September.