Finance committee MPs ask federal government to reject RBC-HSBC deal

The House of Commons finance committee has asked Ottawa to reject the Royal Bank of Canada's $13.5-billion acquisition of HSBC's domestic unit, citing the lack of competition in the country's financial sector.

Finance committee MPs ask federal government to reject RBC-HSBC deal
A woman uses an ATM machine.

The House of Commons finance committee has asked Ottawa to reject the Royal Bank of Canada's $13.5-billion acquisition of HSBC's domestic unit, citing the lack of competition in the country's financial sector.