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Canada's antitrust agency favors RBC's $10 billion deal for HSBC unit

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Still, the regulator found that the deal would 'result in a loss of rivalry between Canada's largest and seventh largest banks.' RBC said the bureau's opinion is a key milestone in the approval process for the deal that was announced in Novemberlast year and that it would collaborate with the ongoing reviews by OSFI and the Minister of Finance. HSBC did not immediately respond to Reuters' request for comment.

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