Birdwatch Note Rating
2025-03-04 23:38:59 UTC - HELPFUL
Rated by Participant: 4F4713CF8AEE959F663F5167AF81B68D87F2361BD49EACF9493ED53CE1D93C91
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