Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.
Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.
Canadian Western has about 65,000 clients and 39 branches, 30 of which are in B.C. and Alberta, where National currently has only three in each, compared with 280 in Quebec. "We will work with CWB clients to increase banking services and increase investment in Western communities," said Ferreira. National Bank says it will maintain Canadian Western's headquarters and two nominees from the bank will join National's board of directors.
'I have about eight dollars,' C.J. Andrews said waiting in line at the food bank as he's done once a month for the past six months. The high cost of rent, groceries, phone and internet bills are dragging Andrews and his girlfriend down, but a basket of food once a month temporarily lifts them up. Car break-ins plague Canadians across the country, but instead of worrying about theft, a northern Ontario woman is cleaning up a big mess that she says will not be covered by insurance after a black bear broke into her Honda Civic and took a nap.SpaceX has retrieved several pieces of fallen debris in southern Saskatchewan, months after the space junk first landed in farmers' fields.'I have about eight dollars,' C.J.
Celine Dion says she experienced terrifying symptoms for years and decided to go public with her rare illness once the burden of lying to fans about her condition became 'too much.'Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.
The municipality of Tantramar, N.B., is holding a sale to get rid of surplus items it acquired after the Town of Sackville amalgamated with smaller communities last year.B.C. has jurisdiction in intimate image case even though video was made out of province: tribunal Change is coming at the Canadian Energy Centre, also known as the United Conservative Party's controversial energy war room.Oilers star Leon Draisaitl was penalized for his hit on Panthers captain Aleksander Barkov halfway through the third period of the Panthers' 4-1 win but, according to TSN, isn't expected to receive more discipline, such as a fine or suspension, for it.
A Kitchener, Ont. woman wants to install a tiny home in her backyard but she keeps running into red tape.'Forced to always be happy': Court hears private Sask. school paddled students for showing negative emotions 'We don’t have a favourite': Rival Sturgeon Falls chip stands that serve up friendly competition now both up for sale
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National Bank to buy Canadian Western Bank at $5 billion valuationMONTREAL — Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.
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National Bank to buy Canadian Western Bank at $5 billion valuationMONTREAL — Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank ...
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National Bank Buys Western Canada Rival in $3.6 Billion DealNational Bank of Canada is buying Canadian Western Bank for about C$5 billion ($3.6 billion) in a tie-up of two of the country’s regional lenders.
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