Bay Street Edition

Canada’s Banks Enter the Conversation as US Regionals Look for Deals

Also: It’s Teskey’s turn at Brookfield

Spain’s Santander announced a $12.2 billion deal to acquire Webster. Photographer: Yuki Iwamura/Bloomberg

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By Christine Dobby

February 6, 2026 at 3:00 PM UTC

Updated on

February 8, 2026 at 10:39 PM UTC

Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics.

I’m Christine Dobby , Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about whether Canadian banks will get in on the consolidation wave in the US, the new international defense bank and a CEO successor at Brookfield Asset Management. Plus: the latest user to abandon X is a Canadian province.