Bank merger will cost us all

"Right now, a deal is in the works that could make life even harder for Canadian families as we live through a climate crisis driven by fossil fuels and an affordability crisis fuelled by the pursuit of corporate profits.

RBC, Canada’s largest bank and the world’s largest fossil fuel financier, is trying to buy HSBC’s Canadian division. If approved, it would be the biggest bank merger in Canadian history and would mean Canadians face even higher costs to bank and borrow just as it seems the cost of living crisis couldn’t get any worse."

-- Vanessa Brown of the For Our Kids Toronto team in her recent op-ed on the proposed merger of RBC and HSBC. 

Read the full article here.