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Canada to Reform Bank Ownership Rules in Bid to Stoke Competition

Bloomberg Markets Thursday 05 November 2026, 21:03 UTC By Derek Decloet 1 min read
Key Points

Canada to Reform Bank Ownership Rules in Bid to Stoke Competition Canada’s finance minister unveiled proposed changes to the ownership rules for banks, seeking to make it easier for mid-sized lenders to gather deposits and grow. Currently, once a bank in Canada reaches C$12 billion ($8.6 billion) in equity, it must be widely held — no shareholder can own 20% or more. The government plans to increase that threshold to C$25 billion in equity, according to Finance Minister François-Philippe...

Canada to Reform Bank Ownership Rules in Bid to Stoke Competition Canada’s finance minister unveiled proposed changes to the ownership rules for banks, seeking to make it easier for mid-sized lenders to gather deposits and grow. Currently, once a bank in Canada reaches C$12 billion ($8.6 billion) in equity, it must be widely held — no shareholder can own 20% or more. The government plans to increase that threshold to C$25 billion in equity, according to Finance Minister François-Philippe Champagne’s budget documents.
Canada (LOCATION) Reform Bank Ownership Rules in Bid (ORG) Stoke Competition Canada (ORG) Stoke Competition Canada’s (ORG) François-Philippe Champagne (PERSON)
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