Birdwatch Note Rating
2025-03-04 22:12:10 UTC - SOMEWHAT_HELPFUL
Rated by Participant: E50AA70C482D90575A88884F28E6CF17C4124EEFB08C1DB22F096C4BE44AB8A5
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