A quick Google search will show American banks are in Canada. But the real question is about fairness. The initial justification for Canadian tariffs was fentanyl, but that doesn't seem to hold up.

President Trump has complained that American banks are restricted from operating in Canada. They can, but are hamstrung. By Rob Copeland Rob Copeland covers Wall Street and banks. Hours after ...

Reuters. A view of the Brickell neighborhood, known as the financial district, in Miami, Florida, U.S., February 23, 2023. REUTERS/Marco Bello/File Photo ...

Shares of Royal Bank of Canada , opens new tab, CIBC , opens new tab and National Bank , opens new tab have outperformed the broader TSX index's , opens new tab 9.8% rise so far in 2024. National ...

But US banks have been operating in Canada for well over a century; the Canadian Bankers Association, an industry group, said in a February statement that “there are 16 U.S.-based bank ...

Reuters. FILE PHOTO: A combination photo shows Canadian investment banks RBC, CIBC, BMO, TD and Scotiabank in Toronto, Ontario, Canada on March 16, 2017 and June 19, 2024.

U.S. banks now make up approximately half of all foreign bank assets in Canada." Kevin Thompson, founder and CEO of 9i Capital Group, told Newsweek : "Take it with a grain of salt.

U.S. President Donald Trump claimed on Tuesday that U.S. banks are not allowed to do business in Canada, while their banks operate in the U.S.