ourkid8 Posted September 1, 2023 Share Posted September 1, 2023 https://ca.finance.yahoo.com/news/competition-bureau-approves-rbcs-proposed-132741172.html The bureau said Friday that its review found the deal won't likely significantly lessen competition, even though it means Canada's largest bank is poised to take over the seventh largest by assets. It’s pretty funny when the largest bank is buying the 7th largest competitor and that won’t significantly lessen competition This is a massive acquisition for the bank and will continue to strengthen its #1 position in the Canadian market. Link to comment Share on other sites More sharing options...
Xerxes Posted September 2, 2023 Share Posted September 2, 2023 I am very happy about this. if IIRC this will allow current RBC Direct Investing to be able to buy global securities (in foreign denominated currencies) and vis versa allow HSBC Canada clientele to benefit from RBC distribution and network. Link to comment Share on other sites More sharing options...
50centdollars Posted September 2, 2023 Share Posted September 2, 2023 Canada's Competition Bureau is a joke. I don't understand the point of them. They approve everything. Link to comment Share on other sites More sharing options...
Spooky Posted September 5, 2023 Share Posted September 5, 2023 On 9/2/2023 at 1:35 AM, 50centdollars said: Canada's Competition Bureau is a joke. I don't understand the point of them. They approve everything. Totally agree. They allowed the Rogers and Shaw merger to go through and the Telco space in Canada was already completely anti-competitive. Link to comment Share on other sites More sharing options...
Xerxes Posted October 25 Share Posted October 25 On 9/1/2023 at 8:59 PM, Xerxes said: I am very happy about this. if IIRC this will allow current RBC Direct Investing to be able to buy global securities (in foreign denominated currencies) and vis versa allow HSBC Canada clientele to benefit from RBC distribution and network. Amazing ! had a call with RBC, the global trading platform will be available for Canadians starting Dec this year. But with the caveat that there would be real time FX conversion at the time of purchase of disposal. And that dividends will be in CAD/USD no more pink sheets. Link to comment Share on other sites More sharing options...
bizaro86 Posted October 26 Share Posted October 26 8 hours ago, Xerxes said: Amazing ! had a call with RBC, the global trading platform will be available for Canadians starting Dec this year. But with the caveat that there would be real time FX conversion at the time of purchase of disposal. And that dividends will be in CAD/USD no more pink sheets. With the spreads they charge on currency exchange it might still be cheaper to buy pink sheets if there's any volume at all. Link to comment Share on other sites More sharing options...
Xerxes Posted November 19 Share Posted November 19 On 10/26/2024 at 12:33 AM, bizaro86 said: With the spreads they charge on currency exchange it might still be cheaper to buy pink sheets if there's any volume at all. it is now available on RBC Link to comment Share on other sites More sharing options...
bizaro86 Posted November 20 Share Posted November 20 Nice. I think Hong Kong is very cheap. Will have to find some stuff for my TFSA. Link to comment Share on other sites More sharing options...
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