The Alberta Serious Incident Response Team, known as ASIRT, says there was no criminal offence when the officers used lethal force against a man armed with a handgun.
Last December, the police service received a 911 call from an employee at a Canadian Western Bank about an armed robbery.
ASIRT says two officers who entered the bank became "engaged" with a man who had a gun.
He was told to put down the weapon but refused.
Both officers fired their guns and struck the 24-year-old man several times.
He died the following day as a result of gunshot injuries.
“After having considered the complete investigative report, I am satisfied that both subject officers were justified in firing their police service weapons in all of the circumstances,” said ASIRT executive director Clif Purvis.
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