👉Canadian Western Bank (CWB) shares surged 70% to $42.50 on the Toronto Stock Exchange following the announcement of an all-stock acquisition by National Bank of Canada, valuing CWB at around $5 billion. The deal, revealed after Tuesday’s market close, will expand National Bank’s presence in Alberta and British Columbia, where CWB is primarily based. Despite the acquisition, CWB will retain its branch locations and Edmonton-based leadership. National Bank shares dropped $6.31 to $110.03. This acquisition follows Royal Bank’s $13.5-billion purchase of HSBC Canada. Subject to shareholder and regulatory approval, the deal is expected to close by the end of 2025.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . . #BankingNews #CanadianWesternBank #NationalBank #StockMarket #BankingAcquisition #FinanceNews #TorontoStockExchange #mnm #malayalisnearmeapp #canadaupdate #canadanews