Birdwatch Note Rating
2025-03-04 23:30:22 UTC - HELPFUL
Rated by Participant: 2DAC1FB9E346455D8FBCEC40E38D90AB059F6EA18FA5BD6F0DE9FB55FD628372
Participant Details
Original Note:
The Bank Act restricts the activities of United States banks in Canada: no foreign retail branches can accept deposits less the $150K, no securities dealing, limits on branches and ownership rule restrictions. Canadian banks are unrestricted in the US. https://laws.justice.gc.ca/eng/acts/B-1.01/FullText.html
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