Key Points
TORONTO, July 10 (Reuters) - Canada's finance ministry has extended the consultation period for Royal Bank of Canada's (RY.TO) $13.5 billion proposed acquisition of HSBC's (HSBA.L).
Canadian unit by 15 days due to a technical error that prevented the department from receiving some submissions by email...
The Finance Department said the technical issue has now been resolved and stakeholders can submit their views and feedback by July 21..
The Finance Department has said that it was seeking comments on how the deal could impact consumers and the stability of the broader banking sector...
The Competition Bureau's consultation, which closed last month, would asses whether the deal lessens competition in Canada's already concentrated banking industry where the top six lenders account for more than 80% of the banking assets...
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