Birdwatch Note Rating
2025-03-04 16:54:04 UTC - HELPFUL
Rated by Participant: FE0566B370A1BC63F1C2595BC3A709337C885BF5DD9C636CAC7C64DC8201B42E
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