Birdwatch Note Rating
2025-03-04 22:06:12 UTC - HELPFUL
Rated by Participant: D875B9C3E4E76F287A9646BAC83F386D8F57F6BBE7278AE923F3059C230B2420
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