The legislation divides banks in Canada into Schedule I, II or III, with Schedule I consisting of Canadian banks that are legally able to accept deposits.
Fifteen foreign banks, including three with U.S. parent institutions, are Schedule II banks that are subsidiaries of foreign banks that can do business in Canada and accept deposits.
Booth said dozens of other foreign banks are listed under Schedule III, meaning branches are mostly used for wealth management and corporate services, and direct business to their parent corporation rather than being a subsidiary.
“So, there’s actually nothing to stop an American bank operating in Canada as a separate subsidiary under Schedule II of the Bank Act,” he said.
“And in fact, at one point, the central bank and the Department of Finance particularly were actively encouraging U.S. banks to come into Canada to inject more competition into the Canadian banking market.”
The Office of the Superintendent of Financial Institutions lists Amex Bank of Canada, Citibank Canada and J.P. Morgan Bank Canada on Schedule II as all having U.S. parent companies.
The bankers association, which represents more than 60 domestic and foreign banks operating in Canada, provided a list of the 16 U.S.-based banks operating under Schedule II or III which also includes Capital One, Wells Fargo and Comerica Bank.
這次傻川徹底激怒了加拿大人，以後加拿大人對美國會心存芥蒂加心存戒心，最可靠你的貿易夥伴就此變成陌路人，現在加拿大國內diversify trade relations呼聲高漲，肯定稱為今年大選的熱點，川普自以為玩了一場art of deal，不僅在全世界成為笑話，而且永久地損害了美加關係，美國需要加拿大的地方其實很多，經濟外交都是，美國人民選了這麽個活寶，對美國女的損害超過任何恐怖分子
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很奇怪，這麽多非法移民往三流國家美國跑，不往一流國家加拿大跑？不用過腦子，隻要你自己高興就好哈