this post was submitted on 21 Oct 2023
26 points (100.0% liked)

Canada

7185 readers
255 users here now

What's going on Canada?



Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities


πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


πŸ’» Universities


πŸ’΅ Finance / Shopping


πŸ—£οΈ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
 

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.

top 7 comments
sorted by: hot top controversial new old
[–] Grant_M@lemmy.ca 35 points 1 year ago (1 children)

If I were a reporter, I'd dig. This guy has never cared about this kind of capitalist move previously.

[–] baconisaveg@lemmy.ca 8 points 1 year ago

I'm guessing his cheque from RBC hasn't arrived in the mail yet.

[–] xmunk@sh.itjust.works 21 points 1 year ago (3 children)

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.

[–] Thrillhouse@lemmy.world 20 points 1 year ago

Probably because he has something to gain personally.

[–] sik0fewl@kbin.social 8 points 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.social 6 points 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.

[–] willybe@lemmy.ca 9 points 1 year ago

This is a redundant position, of course mega mergers are bad, he loses no support by holding this position. It is his job to be opposition.

The proper position to introduce law to change corporate taxation for monopolies.