Story perspectives

RBC, BMO Sell Moneris for $2 Billion to Francisco Partners

By Drooid · Oct 6, 2026, 2:40 AM UTC · How we work

Summary

Story summary

RBC and BMO are selling Moneris to Francisco Partners for $2 billion.
RBC expects $475 million after-tax; BMO expects $600 million.
Moneris handles over five billion transactions yearly at 325,000+ Canadian points.
Privacy expert Sharon Polsky warns the deal could let U.S. law-enforcement access purchase data.
Bill C-36, introduced in June, makes privacy a fundamental right and requires data-transfer impact assessments.

1 of 1

Story summary

RBC and BMO are selling Moneris to Francisco Partners for $2 billion.
RBC expects $475 million after-tax; BMO expects $600 million.
Moneris handles over five billion transactions yearly at 325,000+ Canadian points.
Privacy expert Sharon Polsky warns the deal could let U.S. law-enforcement access purchase data.
Bill C-36, introduced in June, makes privacy a fundamental right and requires data-transfer impact assessments.