1. Bank Merging
The federal government's Competition Bureau has announced that it will use the big banks' own figures to help it decide on their proposed merger plans. ... The Finance Minister concluded that the mergers are not in the public interest as they would result in: too much concentration of economic power in Canada in the hands of too few financial institutions a reduction in competition in the Canadian financial services sector a reduction in the Canadian government's flexibility to address future concerns. ... After receiving the letter from the Di...
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