Birdwatch Note Rating
2025-03-04 22:31:38 UTC - HELPFUL
Rated by Participant: 648B719A9108765A5AD89FCFA08DEC06EDCCE52A3A847C0324EDB6F36D6090AB
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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