The Competition Bureau has put out a call for information to help it review Royal Bank of Canada's proposed takeover of Vancouver-based HS小蓝视频 Bank Canada.
The agency says it's looking for input from market participants and Canadians on a range of areas including residential mortgages, personal and business lending and bank accounts.
It says the type of information it's interested to hear about include what kind of rivalry there is between R小蓝视频 and HS小蓝视频 as well as with other banks, what kind of effect the deal might have on price, quality or choice, and how easy it is to switch between banks.
The Competition Bureau says it is investigating whether the proposed deal is likely to result in a substantial lessening or prevention of competition.
R小蓝视频 emerged in late November last year as the winning bidder for HS小蓝视频's Canadian division with a $13.5 billion deal.
Both the Competition Bureau and the Office of the Superintendent of Financial Institutions are reviewing the transaction, which requires approval from the Minister of Finance.
This report by The Canadian Press was first published May 1, 2023.
Companies in this story: (TSX:RY)
The Canadian Press
