For the sake of consumers, and Canada’s unwanted reputation as a place where politics gets in the way of getting stuff done, Ms. Freeland should ignore the opposition
is creating a way to score governments on how efficiently they regulate big banks and big deals, as it exits countries around the world to focus on customers in Asia and Britain.
Can Canada win a place on the podium? We certainly aspire to efficiency. When HSBC announced plans to sell its 130 branches to Royal Bank of Canada last November for $13.5-billion, the two sides predicted the deal would close within 13 months. The transaction still requires approval from Finance MinisterIn October – against a backdrop of consumer anger over the soaring cost of living – Conservative Leadercalled on the government to block the largest bank takeover in the country’s history.
In opposing the deal, Mr. Poilievre ignored the fact that the federal Competition Bureau, charged with protecting consumers, gave the RBC takeover its blessing in September.
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