Birdwatch Note Rating
2025-03-04 18:50:28 UTC - NOT_HELPFUL
Rated by Participant: 9E688CCCB9F42ADAD3F4637F2E3C6124C4D2D2D38C33B7500CCBF2A66916F0E0
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