TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,115.64, down 233.17 points): Royal Bank...
US stocks ended Friday's trading session in the red, as the benchmark 10-year Treasury yields hovered just below 5%Toronto Stock Exchange :
Canopy Growth Corp. . Health care. Down three cents, or 4.11 per cent, to 70 cents on 4.9 million shares.Royal Bank of Canada. . Finance. Down $2.02, or 1.79 per cent, to $111.01. 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.
Blocking the deal is a clear step the government could take to address affordability concerns, Poilievre said in an interview to the newspaper. "If the biggest bank in Canada simply buys up a growing smaller player, then there's no hope of ever having more competition in Canadian banking," he told the newspaper. "If you remove HSBC, then you’ll be removing downward pressure on lending rates.
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