Ottawa approves RBC’s $13.5-billion takeover of HSBC Canada

Ottawa approves RBC’s $13.5-billion takeover of HSBC Canada

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Ottawa has given the go-ahead to Royal Bank of Canada’s RY-T $13.5-billion takeover of Britain-based HSBC Holdings PLC’s Canadian subsidiary, with the bank agreeing to several commitments to close the deal. Finance Minister Chrystia Freeland gave the final word on the acquisition Thursday night,…

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