Budget winners and losers
With a variety of fiscal and policy measures announced in the federal budget, here's a look at some of the winners and losers:
OSFI
Regulator seizes assets of Toronto branch of defunct Silicon Valley Bank
Canada's banking regulator says in light of the decision by the California Department of Financial Protection and Innovation to shut down Silicon Valley Bank, it has temporarily seized assets of the Canadian branch to preserve their value.
RBC's bid to buy HSBC Canada reveals a new front in the climate fight
A new front in the fight against climate change is emerging as Canada’s largest bank and top fossil fuel financier, RBC, plans to buy the Canadian arm of one of Europe’s top fossil fuel-financing banks, HSBC.