BMO receives regulatory approval for Bank of the West acquisition

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BMO Financial Group says it has received all of the regulatory approvals required to complete its agreement to buy California-based Bank of the West from BNP Paribas.

Finding an affordable place to live in the territories, where housing has long been a challenge, is getting even harder, the Canada Mortgage and Housing Corporation suggested in a report released in December. In Yellowknife, the report said, the growing senior population, urbanization and strong labour market has pressured the housing supply.

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