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Topic: Business
Number of pages / Number of words: 2 / 340
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In 1998, four of Canada’s biggest banks have anticipated the idea of merging. One was proposal was between Royal Bank of Canada and Bank of Montreal and the other proposal was between CIBC and The Toronto Dominion Bank. This meant the loss of thousands of Canadians jobs and the closing of a massive number of branches in the whole country despite the substantial raise of prices for services due to the reduction of competition for these main reasons the minister of finance have ruled against the merging in 1998 ...


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In 1998, four of Canada’s biggest banks have anticipated the idea of merging. One was proposal was between Royal Bank of Canada and Bank of Montreal and the other proposal was between CIBC and The Toronto Dominion Bank. This meant the loss of thousands of Canadians jobs and the closing of a massive number of branches in the whole country despite the substantial raise of prices for services due to the reduction of competition for these main reasons the minister of finance have ruled against the merging in 1998 ...


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