Birdwatch Note Rating
2025-03-04 17:13:51 UTC - HELPFUL
Rated by Participant: 0B5974D6C44ED55C14E674E069541E254FBE336F8FFF7103C97A7A92C4457612
Participant Details
Original Note:
Foreign banks can’t operate on-par with domestic banks. The Bank Act restricts their activities: no foreign retail branches can accept deposits less the $150K, no securities dealing, limits on branches and ownership rule restrictions. Can banks are unrestricted in the US. https://laws.justice.gc.ca/eng/acts/B-1.01/FullText.html
All Note Details