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Trump's new focus Canada's Banks

 
sgtdjones 2025-02-03 17:21:23 

Trump's new focus Canada's Banks

Until this point, Trump has framed the tariffs as a way to hit back at Canada for the ongoing trade deficit and supposed inaction on drugs and migrants crossing the northern border into the U.S. — his stated concerns about banking fairness are a new development.A number of American banks do business in Canada with large lending and commercial and investment banking operations, among other functions, on this side of the 49th parallel.

Personal banking in Canada is largely the domain of Canadian-based banks, due to stringent federal regulations designed to protect against bank failures. According to government figures, Canada's large banks hold more than 93 per cent of all domestic banking assets. Canadian banks are routinely ranked among the safest in the world.Last night, Trump also raised the Canadian banking system with reporters after landing back in D.C. after a weekend at his Florida estate.

"Canada's been very abusive of the United States for many years. They don't allow our banks. Did you know that? Canada does not allow banks to go in. If you think about it, that's pretty amazing," he said.
In his Monday social media post, Trump said the trade standoff is "also a DRUG WAR, and hundreds of thousands of people have died in the U.S. from drugs pouring through the Borders of Mexico and Canada."

 
sgtdjones 2025-02-03 17:22:44 

......

Did Orange Marmalade try to borrow money with his exaggerated assets, and Canadian banks said NO? cool

 
Master_Blaster 2025-02-03 17:26:29 

The realize they do not have a real case for the tariff since it's built on lies .so the goal post moving now .

The strategy is throw shit at the wall...