Are US Banks Really Banned in Canada - Trump vs. Canadian Banks | Avilash Podcast 25

Did Trump just EXPOSE Canada’s banking system? 🇨🇦💰 In this video, we break down the TRUTH behind U.S. banks in Canada and Canadian banks in the U.S. Stick around to learn how the Bank Act works and whether Trump's claim is accurate!

Canada’s banking system is one of the most stable in the world, but is it unfair to U.S. banks? In this video, we’ll dive deep into how the Canadian Bank Act regulates banking, what Class 1, 2, and 3 banks mean, and why foreign banks (like American banks) have restrictions in Canada.

We’ll also discuss why Canadian banks like TD, RBC, and BMO operate in the U.S., and whether Trump’s claim about an unfair trade advantage is accurate. By the end of this video, you’ll have all the facts to decide for yourself!

⏱ Timestamps:
00:00 – Introduction: Trump’s Claim
02:00 – U.S. Banks in Canada: How it Works
04:30 – Canada’s Banking Classes Explained
07:00 – Why Canada Limits Foreign Banks
08:30 – Canadian Banks in the U.S.
10:00 – Is This an Unfair Trade Practice?


📖 Sources & References:
Canadian Bank Act: https://laws-lois.justice.gc.ca/eng/a...
U.S. Banks in Canada: Foreign Banks Operating in Canada - OSFI

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