While last year's bank merger mania has died north of the border, two of Canada's big banks are planning a dash to the altar with the nation's largest trust company.

Canada Trust, the country's seventh-largest financial institution after the Big Six banks, with C$46 billion ($32 billion) in assets, opened its dance card after owner Imasco Ltd. decided to put all its non-tobacco related operations on the block following a planned buyout by British American Tobacco PLC of the 58% of Imasco the embattled tobacco firm doesn't already own.

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