Pierre Poilievre said the loss of British-owned HSBC’s Canadian division will exacerbate issues in Canada’s banking sector, which he said is already overly concentrated.

  • xmunk@sh.itjust.works
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    1 year ago

    He’s not wrong. I have no idea why it’s PP objecting to this since he has backed corporate consolidation in the past but hey… good on him for opposing this awful merger.

    • sik0fewl@kbin.socialOP
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      1 year ago

      Ya, I agree, except HSBC is exiting Canada, so one of the big banks pretty much has to buy them. Unless someone else wants to move in.

    • sik0fewl@kbin.socialOP
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      1 year ago

      To give him some credit (I did some digging), he spoke out against the Rogers-Shaw merger as well. Well, sorta - it wasn’t very strongly worded, but he did point towards a Conservative policy of having at least 4 competitors in every industry.