With regard to the terms and conditions imposed by the former Minister of Finance on the sale of HSBC Canada to the Royal Bank of Canada in December 2023: (a) which of the terms have been fully met to the government's satisfaction as of October 2, 2025; (b) which of the terms have not been met to the government's satisfaction as of October 2, 2025; (c) for each of the terms that have not been met, what deadline has the government set for each to be met, and what are the consequences if they are not met; and (d) have any punitive measures been imposed on the Royal Bank of Canada related to not meeting the terms, and, if so, what are the details of such measures?
Q-398 , 45th Parliament, 1st session May 26, 2025, to present
Question details
Asked by
Philip Lawrence
(Northumberland—Clarke)
Date asked
October 2, 2025
Answered
November 19, 2025
Response from
Department of Finance
Topics
Response details
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