A Canadian payment giant is being sold to U.S. private equity. Is your digital privacy at risk?

Royal Bank of Canada and Bank of Montreal are selling payment processor Moneris Solutions Corp. to San Francisco-based investment firm Francisco Partners. Some analysts are raising concerns around what the deal means for Canada's digital sovereignty amid the country's trade war with the U.S.

This came just days after U.S. chipmaking giant AMD said it would acquire Taalas, one of Canada’s largest semiconductor manufacturers.