Ottawa – The Ombudsman for Banking Services and Investments (OBSI) assumed its responsibilities as Canada’s single external complaints body (ECB) for federally regulated banks. As part of its mandate, the Financial Consumer Agency of Canada (FCAC) protects consumers of financial products and services by supervising the compliance of federally regulated banks and the ECB with their legal obligations, including the …
BRAMPTON – The City of Brampton is celebrating National Youth Week (NYW), taking place from May 1 to May 7, 2024. National Youth Week is an annual celebration recognizing the valuable role of young people in building a strong and resilient city and encourages local youth to continue to get involved and give back to the community. Last year, the …
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, pursuant to her authorities under the Bank Act, approved the sale of HSBC Bank Canada (HSBC) to Royal Bank of Canada (RBC), subject to strict terms and conditions imposed on RBC. RBC’s proposed acquisition followed HSBC Global’s November 2022 announcement of its exit from the Canadian market, which is part of …
