Reported about 1 year ago
Shares of Canadian Western Bank are surging as the National Bank of Canada has agreed to purchase it for approximately $5 billion CAD. Yahoo Finance's Julie Hyman and Josh Lipton discuss the implications of this deal on the Canadian banking market, including insights from Raymond James. The acquisition is expected to close by the end of 2025, amid potential political considerations during a federal election year. This move aligns with the trend of recent banking deals in Canada.
Source: YAHOO