OECD Calls for Action on Bank Mergers

The Globe and Mail, Sinclair Stewart, 27 June 2006The Organization for Economic Co-Operation and Development is warning that Canada's effective ban on bank mergers could be hampering the country's productivity, and is urging Ottawa to remove the political red tape that has been choking the industry's efforts to consolidate.The OECD, which released its recommendations yesterday as part of a larger