Loading your language..
Fact check: Trump said American banks cannot operate in Canada. That is wrong.

Fact check: Trump said American banks cannot operate in Canada. That is wrong.

A2🇨🇳 中文🇺🇸 English

September 8th, 2026

Fact check: Trump said American banks cannot operate in Canada. That is wrong.

A2
Please note: This article has been simplified for language learning purposes. Some context and nuance from the original text may have been modified or removed.

🇺🇸 English

Trump met with heads of US travel companies in the Oval Office on Wednesday.

特朗普周三在椭圆形办公室见了美国旅游公司的高管

He said that US banks cannot do business in Canada.

他说美国银行不能在加拿大做生意

Someone asked him if the US and Canada could talk about their trade war again.

有人问他美国和加拿大的贸易战会不会重新谈

He said this at that time.

他是在那时说这句话的

Experts say that this statement is not right.

专家说这个说法不对

The Canadian Bankers Association says 15 American banks now do business in Canada.

加拿大银行家协会现在有15家美国银行在加拿大做生意

Some of them are branches, and some are subsidiaries.

它们有的是分行有的是子公司

These banks include JPMorgan, Citibank, Bank of America, Capital One, and Wells Fargo.

这些银行包括摩根大通花旗银行美国银行第一资本富国银行

They have about 90.1 billion dollars in assets in total.

它们一共有大约901亿美元的资产

This is more than half of all foreign banks' assets in Canada.

占了所有外国银行在加拿大资产的一半以上

James Thompson is a finance teacher at the University of Waterloo in Canada. He says American banks can come into Canada.

加拿大滑铁卢大学的金融学教授詹姆斯·汤普森美国银行可以进入加拿大市场。

But the rules of the two countries are different, and this can confuse people.

两国的规则不同可能会让人搞不清楚

Canada divides foreign banks into two groups.

加拿大把外国银行分成两类

Schedule II banks are companies that are registered in Canada.

附表II银行在加拿大注册的子公司

Schedule III banks are offices that are not registered.

附表III银行没有注册的分行

Most American banks are Schedule III banks.

大多数美国银行附表III银行

These banks cannot take deposits below 150,000 US dollars.

这类银行不能接受低于15万美元的存款

So they find it hard to serve normal customers.

所以它们很难服务普通客户

Experts say these rules may be why. US banks do not want to enter Canada in a big way.

专家说这些限制可能是美国银行不想大举进入加拿大的原因

The Canadian market is small.

加拿大市场比较小

Also, local banks already have famous names and wide networks.

而且本地的银行已经有很出名的名字很广的网络

Thompson says US banks need to spend a lot of money to build infrastructure. They want to compete for Canadian retail customers.

汤普森说美国银行如果想和加拿大的零售客户竞争需要花很多钱建基础设施

But at first, they can only get a small number of customers.

刚开始只能拿到一小部分客户

The White House did not answer reporters' questions right away.

白宫没有马上回应记者的提问

September 8th, 2026

Trending Articles

The Bank of Japan raised interest rates. The rate is now 1.25%. This is the highest in 31 years.

The Bank of Japan raised interest rates. The rate is now 1.25%. This is the highest in 31 years.

日本央行加息,利率达到1.25%,是31年来最高

A2Sep 18
The Houthis took two important islands in the Red Sea. There is other new news in the Middle East.

The Houthis took two important islands in the Red Sea. There is other new news in the Middle East.

胡塞武装占领红海两座重要岛屿,中东还有其他新情况

A2Sep 14
Oil prices fell, inflation data was close to expectations, and US stocks rose a lot.

Oil prices fell, inflation data was close to expectations, and US stocks rose a lot.

油价下降,通胀数据接近预期,美股大涨

A2Sep 11
US farmers are having a hard time, but diesel prices have risen to a record high.

US farmers are having a hard time, but diesel prices have risen to a record high.

美国农民日子难过,柴油价格却涨到历史最高

A2Sep 11
The rising oil prices are putting pressure on Wall Street.

The rising oil prices are putting pressure on Wall Street.

油价持续上涨,让华尔街感到压力

A2Sep 8
Meta launches personal AI assistant Muse, focusing on safety and privacy.

Meta launches personal AI assistant Muse, focusing on safety and privacy.

Meta推出个人AI助手Muse,重视安全与隐私

A2Sep 8
The US punishes Turkey's bank, saying it helped Iran move money.

The US punishes Turkey's bank, saying it helped Iran move money.

美国制裁土耳其银行,称其帮伊朗转移资金

A2Sep 5
Trump keeps bragging that the economy is good, but the strong jobs report also brings him trouble.

Trump keeps bragging that the economy is good, but the strong jobs report also brings him trouble.

特朗普继续吹嘘经济好,但强劲的就业报告也给他带来麻烦

A2Sep 5
August added 162,000 jobs, and US inflation is again in the spotlight.

August added 162,000 jobs, and US inflation is again in the spotlight.

八月新增16.2万个工作岗位,美国通胀问题再次成为焦点

A2Sep 5