Trump vs. Canada’s Banking Rules – What’s the Truth?
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In this episode, I look at Canada’s banking system and why it’s so hard for foreign banks to compete. While Trump claims U.S. banks are “blocked,” the reality is more complicated. With strict regulations and market dominance by the Big Six, is Canada’s banking sector too closed off? And could we see change in the future?
Also in this episode:
💰 TD Bank’s $14B Sale – TD Bank is selling its entire stake in Charles Schwab, exiting its 10.1% ownership. This move is part of a major financial restructuring amid U.S. regulatory penalties.
📊 Canada’s Surprise Job Boom – Canada’s unemployment rate dropped to 6.6% in January, adding 76,000 jobs—far more than expected. Is the economy stronger than predicted?
🇺🇸 U.S. Job Market Holds Up – The U.S. unemployment rate dipped to 4.0%, showing resilience despite economic slowdown fears. Will this impact Federal Reserve rate decisions?
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The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
