Of course it's not in their platform as an official position either. Wait they haven't released their platform yet. Maybe it will show up as a footnote from Monte Solberg.
Anyways include the Banks and Bay Street for those looking forward to a Conservative majority.
Tories' ascent fuels hope for bank mergersWith polls suggesting his Conservative Party is headed toward a possible majority government, Canadian investors swiftly returned yesterday to one of their favourite pastimes: Rolling the dice once more on the on-again-off-again prospect that the country's Big Six banks finally will be allowed to pursue mergers.
Shares of Bank of Montreal, the most obvious takeover target if Ottawa endorses consolidation, reached a 52-week high, finishing the day at $67.83 on the Toronto Stock Exchange -- a gain of $1.63 or 2.5 per cent. Canadian Imperial Bank of Commerce, which also figures to be prey for a larger rival, enjoyed a similarly strong day, rising 1.6 per cent or $1.24 to $80.51.
Mind you, none of these bets has paid off for investors in the past decade. But interest in the merger file has always enjoyed something of a Lazarus quality, and this latest resurrection has occurred squarely in lockstep with the sudden revival of Mr. Harper's Conservatives.
Tags
Canada
Federal Election
Politics
Harper
Banks
Conservatives
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