SAF professor James Thompson explains how U.S. banks are allowed to operate in the Canadian market.
From an article originally posted to the School of Accounting and Finance on March 11, 2025 and pulled from the University of Waterloo News.
As financial landscapes evolve, understanding the nuances between U.S. and Canadian banking systems is more critical than ever. James Thompson, finance professor and co-director of the Computing and Financial Management (CFM) undergraduate program brings his deep knowledge to the conversation, explaining what these differences mean for businesses and consumers in Canada.
Yet, despite the perception that U.S. banks cannot do business in Canada, Thompson clarifies that U.S. banks have been operating here for over a century, challenging recent rhetoric to the contrary.
For a deeper understanding of how U.S. banks navigate Canada's banking sector and the differences between the two countries' banking systems, read the full Q&A with Professor Thompson on Waterloo News.