The Globe and Mail reports in its Friday, June 19, edition that Citibank's Canadian unit has acquired the Mississauga building housing its global operations hub and an additional parcel of land as it expands in Canada. The Globe's Stefanie Marotta writes that Citibank Canada is expanding as more Canadian companies go global and multinational corporations increase their business in the country. The bank plans to hire hundreds for new roles in Mississauga over the next few years. The operations hub employs more than 3,000 people in technology, risk management, internal audit and human resources who help Citibank's global products and services platforms and operations, including trading and payments. The site's staff has nearly doubled in the past four years, with more than 600 jobs added in 2025. Citibank Canada chief executive officer Raymond Gatcliffe said the lender is expanding the site to tap into the region's talent "powerhouse." The lender's investment is "a demonstration that the talent pool and the education that Canada has to offer is globally competitive," Mr. Gatcliffe said, adding that the country has a once-in-a-generation opportunity to redraw trade routes and attract foreign investment.