According to the Globular Mail, the competent authorities (already tells you something) have approved the takeover of HSBC by RBC. They likely have some justification or another but it really doesn’t matter. RBC wanted it, so it’s not a big surprise that after much hemming and hawing and seeming deliberations on behalf of the Canadian public, the green flag came out. Once again the system feeds itself, as it intended. Who knew?

You’re not supposed to get it!