Bank merger will cost us all
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Hey there, time traveller!
This article was published 07/07/2023 (1172 days ago), so information in it may no longer be current.
Right now, a deal is in the works that could make life even harder for Canadian families as we live through a climate crisis driven by fossil fuels and an affordability crisis fuelled by the pursuit of corporate profits.
RBC, Canada’s largest bank and the world’s largest fossil fuel financier, is trying to buy HSBC’s Canadian division. If approved, it would be the biggest bank merger in Canadian history and would mean Canadians face even higher costs to bank and borrow just as it seems the cost of living crisis couldn’t get any worse.
To read more of this story first reported by Canada’s National Observer, click here.
This content is made available to Winnipeg Free Press readers as part of an agreement with Canada’s National Observer that sees our two trusted news brands collaborate to better cover Canada. Questions about Observer content can be directed to dana@nationalobserver.com.