After an extensive review, The Competition Bureau said the deal likely won't significantly lessen competition in the banking sector.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.The Canadian Press
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