National Bank of Canada (NA.TO) said on Tuesday it agreed to purchase HSBC's (HSBA.L) Canadian retail brokerage for C$206 million ($208 million) as it expands its wealth management offerings in Western Canada. Canada's No. 6 lender said the deal is expected to add 3 to 5 Canadian cents to the bank's annual earnings per share in 2012 and 2013. The deal is expected to close in December, subject to regulatory approvals. ($1=$0.99 Canadian)
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