TSX:L 13 November 2025 - 31 December 2025

EQB Inc., the parent of digital lender EQ Bank and Equitable Bank, has struck an approximately $800 million deal to acquire PC Financial from Loblaw Companies Limited, in a move that will reshape Canada’s retail banking and loyalty landscape and has already sent EQB’s stock sharply higher. EQB Investor Relations+2Global News+2

On December 3, 2025, EQB Inc., the parent of digital lender EQ Bank, unveiled a transformative agreement to acquire PC Financial from Loblaw Companies Limited in a deal valued at approximately C$800 million. The transaction will bolt together one of Canada’s fastest‑growing challenger banks with one of its most powerful retail loyalty engines, PC Optimum, in a direct challenge to the dominance of the Big Six banks. Newswire+1