I think Canada is very rare in the sense that we have multiple professional designations for accountants. Putting everything under a common banner is good for everyone in the profession. I wouldn't make my choice on which designation to start today based on the merger talks, because A) They won't be finalized for years B) in the unlikely event the merger happens.
Others have given good advice about financial reporting/theory vs. operations and how they relate to the existing designations. Follow your interest and let the merger collapse/sort itself out.
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