Conservative Leader Pierre Poilievre is calling for the federal government to block Royal Bank of Canada’s $13.5-billion takeover of HSBC Canada as a way to help with housing affordability.
Poilievre said in a statement Friday that Canada’s banking sector is already overly concentrated and the loss of HSBC Canadian division will only make it worse.
“If the biggest banks in Canada simply buy up growing players, there’s no hope for there ever being more competition in Canadian banking.”
He
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