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FINANCIALS: Trump repeats assertion on Canadian banks

FINANCIALS
CanadaBulletCredit BulletsNorth America

Yesterday Trump posted on Truth Social - "Canada doesn't allow American Banks to do business in Canada, but their banks flood the American Market. Oh, that seems fair to me, doesn't it?". This followed a similar post on the 3rd of Feb.

While this is clearly untrue, we consider what action Donald trump may take on the back of this statement or perception. The regulatory environment for Canadian banks in the US may become more difficult, likewise Canadian banks may choose to forgo additional US M&A for the time being. Beyond this it is difficult to know what executive action could meaningfully affect Canadian banks.

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Yesterday Trump posted on Truth Social - "Canada doesn't allow American Banks to do business in Canada, but their banks flood the American Market. Oh, that seems fair to me, doesn't it?". This followed a similar post on the 3rd of Feb.

While this is clearly untrue, we consider what action Donald trump may take on the back of this statement or perception. The regulatory environment for Canadian banks in the US may become more difficult, likewise Canadian banks may choose to forgo additional US M&A for the time being. Beyond this it is difficult to know what executive action could meaningfully affect Canadian banks.