@Arcanepotato@crazypeople.online
2026-10-14 12:01 UTC
Someone from the states told me that canada needs its own banking system urgently because of trump tarrifs. Comrade, we were able to pay at stores directly from our bank accounts with decades before you could (i.e., it was instant, no pending debit transactions).
Replies (2)
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@geneva_convenience@lemmy.ml 2026-10-14 13:12
The US owns about half Canada’s banks. Canadian banking is extremely tightly integrated in the US banking system and Canada holds a lot of their assets in the US . The US can debank anyone from Canada easily just like they did in Europe.
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@emergencyfood@sh.itjust.works 2026-10-14 14:55
I think that was me. I’m Indian, but I was talking based on what I knew about the US banking system and assuming it would be similar for Canada.