Tariffs on Canada delayed for 30 days after talk between Trudeau and Trump. Trump folds.
- Thread starter DesRicardo
- Start date
tDS, trump Devotee Syndrome on display.
That's what being in a cult means.
Their own dignity and welfare is abandoned for the sake of their fraudulent, fictitious supreme being. Their adulation blinds them to what is staring them in the face. This is ALL cults.
Moronic reply. We are not the ones in a cult. We are not the ones drinking the Kool Aid. trump loves the poorly educated.Would you like another glass of Kool Aid?
Let's start out with a simple statement that has been reinforced by about every economist and economic publication.
The United States is the most open market in world trade.
I believe you are right about banking laws. Canadian banks have higher reserve requirements.
Branches are one thing, but the real way banks make a dent in a market is through acquisition. It's usually not practical to go into an established market in a major push and try to steal customers from other banks. Having a few locations in major cities is not a big platform. It's quite common for major U.S. banks to have a few offices in the major economic hubs around the world.
What I am curious to know is how open the Canadian financial services market is to foreign investment? Canadian banks have routinely bought U.S. banks and expanded into the U.S. TD Bank in the Northeast, BMO in Chicago and RBC Bank in Los Angeles are the most prominent.
By the way, Canadian banks also get caught violating U.S. banking laws.
TD Bank's $3 Billion Fine Reveals the Shortcomings of the Banking Sector’s Anti-Money-Laundering Safeguards
TD Bank, Canadian-owned but the 10th largest US bank, consented to a $3-billion settlement with US regulators over its decade-long failures to monitor customer transactions, becoming the first US bank in history to plead guilty to conspiracy to commit money laundering. The case highlights the...
internationalbanker.com
That was the point. All trade agreements are deals. And if you don't think there aren't continuous discussions and further negotiations after a trade deal is established, you're not paying attention.So where's the deal????
Why are you laughing so hard at your own comment?
Banks can except deposits over 150,000 and remain foreign owned. The other option is to start from scratch as a Canadian registered bank for smaller retail banking. US banks repreabout 50% of foreign owned banks in Canada. I'm assuming they facilitate multinational and some large depositors with US interests.Let's start out with a simple statement that has been reinforced by about every economist and economic publication.
The United States is the most open market in world trade.
I believe you are right about banking laws. Canadian banks have higher reserve requirements.
Branches are one thing, but the real way banks make a dent in a market is through acquisition. It's usually not practical to go into an established market in a major push and try to steal customers from other banks. Having a few locations in major cities is not a big platform. It's quite common for major U.S. banks to have a few offices in the major economic hubs around the world.
What I am curious to know is how open the Canadian financial services market is to foreign investment? Canadian banks have routinely bought U.S. banks and expanded into the U.S. TD Bank in the Northeast, BMO in Chicago and RBC Bank in Los Angeles are the most prominent.
By the way, Canadian banks also get caught violating U.S. banking laws.
TD Bank's $3 Billion Fine Reveals the Shortcomings of the Banking Sector’s Anti-Money-Laundering Safeguards
TD Bank, Canadian-owned but the 10th largest US bank, consented to a $3-billion settlement with US regulators over its decade-long failures to monitor customer transactions, becoming the first US bank in history to plead guilty to conspiracy to commit money laundering. The case highlights the...
Personally I don't see wide open banking as an asset. They are imo supposed to be run by little Grey men who are careful with money. What has occured is investment houses became linked with them resulting is the deregulation pushes. And problems. Too much risk taking. Depositors don't want risk. And activist shareholders Don't belong in banking stock. It should be the safe option.
TD tried to do the US bank thing and got caught. Good. They deserve it.
If this is your position then Donald Trump folded.
We still have the the same trade agreement and Canada's initial offer about border security hasn't changed.
I'm laughing at all of you.
I suppose I look at trade agreements as one long, continuing process.If this is your position then Donald Trump folded.
We still have the the same trade agreement and Canada's initial offer about border security hasn't changed.
I'm laughing at all of you.
I've been clear here that Canada doesn't seem to be the big target. I still think Mexico was the big target this go- round.
And oh yeah, Trump and Trudeau hate each other so there's that.
That's why there are those complex and voluminous arbitration clauses in NAFTA, right?
So the professionals can keep talking and iron out the details.
Now tell me how Trump suddenly threatening 25% tariffs one day fits into what I just said.
Then why was Canada also threatened with the same tariffs?
It's not obvious to me that this was part of the landscape on this.
This was just Trump being dumb, senile and hyper aggressive.
If this was all done because Trump hated Justin, why were the same threats made against the EU?
So you are saying Trump is continuing Canada's unfair Trade advantage?I suppose I look at trade agreements as one long, continuing process.
I've been clear here that Canada doesn't seem to be the big target. I still think Mexico was the big target this go- round.
And oh yeah, Trump and Trudeau hate each other so there's that.
Canada isn't a big target but he makes the same 25% Tariff threat to us?
He didn't think we would get this prepared. That's just the truth. He folded.
BS
Personal issues have nothing to do with running a country. Trump tried to bully us and got backed-down.
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Is that why the Canadian leadership were scrambling last minute? Mexico leadership were all of a sudden interested in securing the borders? Trump is a troll and he lights everyone's ass on fire and get them working...
