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Fact check: Trump said U.S. banks can't do business in Canada, and that's not true.

Fact check: Trump said U.S. banks can't do business in Canada, and that's not true.

A2🇹🇼 中文🇺🇸 English

September 8th, 2026

Fact check: Trump said U.S. banks can't do business in Canada, and that's not true.

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 top people from the US travel business at the White House.

川普在白宮美國旅遊業的高層

Someone asked him about the trade war with Canada.

有人和加拿大的貿易戰

He said US banks cannot do business in Canada, because Canada does not allow it.

他說美國銀行不能在加拿大做生意因為加拿大不允許

Experts say this claim is not right.

專家這個說法不對

According to the Canadian Bankers Association, 15 American banks now do business in Canada.

根據加拿大銀行家協會的資料,現在15家美國銀行在加拿大做生意

They are branches or subsidiaries.

它們分行子公司

The money of these banks adds up to about 124 billion Canadian dollars.

這些銀行的錢加起來約有1240億加元

This equals 90.1 billion US dollars.

等於901億美元

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

大的銀行摩根大通花旗銀行美國銀行第一資本富國銀行

Canada divides banks into three types.

加拿大銀行分成三類

Domestic banks are Schedule I.

本國銀行附表I

Foreign banks can choose Schedule II or Schedule III.

外國銀行可以選附表II附表III

Schedule II is a foreign subsidiary registered in Canada.

附表II在加拿大註冊的外國子公司

Its management is similar to domestic banks.

它的管理方式本國銀行差不多

Schedule III is a branch of a foreign bank.

附表III外國銀行的分行

This kind of branch cannot take deposits under 150,000 Canadian dollars.

這種分行不能收少於15萬加元的存款

So most people cannot use it for normal banking services.

所以大多數人不能用它來做一般銀行服務

Experts say US banks really can enter the Canadian market.

專家說美國銀行真的可以加拿大市場

But there are some limits, like different rules and different market size.

但是有一些限制像是管理規則不同市場大小不同

Canadian banks now are very big.

加拿大現在的銀行很大

They have brands and many customers.

它們有品牌,也有很多客戶。

A new bank must spend a lot of money to take customers from them.

新銀行要和它們搶客戶要花很多錢

Federal Reserve data says the US has over 3,700 local banks.

聯準會的資料美國有超過3700家本國銀行

But only 15 do business in Canada.

在加拿大做生意的只有15家

September 8th, 2026

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