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| EST. READ TIME 1 MIN.Bank Mergers: The Rational Consolidation of Banking in Canada
Recent proposals to merge (1) the Royal Bank of Canada and the Bank of Montreal, and (2) the Canadian Imperial Bank of Commerce and the Toronto Dominion Bank have sparked considerable debate in political and policy circles. Supporters of the mergers believe that greater consolidation in the industry is essential for Canadian banks to remain competitive in an increasingly global economy. Opponents argue that greater consolidation will result in reduced competition among Canadian banks, higher prices for banking services, and reduced consumer welfare.
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Fazil Mihlar
Fazil Mihlar has been a member of the Vancouver Sun's editorial board since October of 1999. He is now theeditorial pages editor and a columnist. Mihlar has been nominated twice for a National Newspaper Award for best editorial writing in Canada.Previously, Mihlar managed the Royal Bank Financial Groups public affairs department for B.C. and the Yukon. He also directed the regulatory studies program at The Fraser Institute and managed the small business consulting group at Simon Fraser University.Mihlar holds a B.A. in Economics from Simon Fraser University, an M.A. in Public Administration from Carleton University and a Marketing Diploma from the Chartered Institute of Marketing in London, England. He also completed a Certificate Course on Risk Management at Harvard University.Mihlar is the author and co-author of several studies, including The Cost of Regulation in Canada, Federal Regulatory Reform: Rhetoric or Reality? , The Rational Consolidation of Banking in Canada , and Debunking the Myths: A Review of FTA and NAFTA . His articles have appeared in several newspapers, including the Vancouver Sun , Calgary Herald , National Post , and The Globe and Mail .He sits on the board of the Kerrisdale Community Centre Society.… Read more Read Less…
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