• EQB secured final federal sign-off to buy PC Finance from Loblaw, clearing the way to close the deal in summer 2026, subject to customary closing conditions.
• Transaction would combine PC Finance, including PC Mastercard products, with EQ Bank’s digital banking platform.
• EQB expects customer base to rise to 3.3 million, with about $5.8 billion of assets added and $800 million of direct retail deposits.
• EQB will become exclusive financial-services partner for PC Optimum under a long-term commercial agreement, targeting more than 18 million active loyalty members.
• No immediate changes planned for existing EQ Bank or PC Finance customer experience at closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Loblaw Companies Limited published the original content used to generate this news brief on May 05, 2026, and is solely responsible for the information contained therein.