HSBC sale to RBC ‘a sad day for Canadian mortgage consumers,’ expert says
"While commitments related to the financing of affordable housing appear positive, there is little in the way of protecting Canadian homeowners in a higher interest rate environment," he said in a statement.
CAMP Response to the Approval of RBC’s Takeover of HSBC Canada
December 21, 2023 - On Thursday evening the Deputy Prime Minister announced the approval of RBC's takeover of HSBC Canada, allowing an aggressive and consistent competitor in the personal mortgage space to be acquired by the country's largest financial institution.