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Canada is 1/10th the population of the US. We don't need regional banks. There are also plenty of credit unions for those of us that don't want to bank with t
by bcrl 4y ago
Canada is 1/10th the population of the US. We don't need regional banks. There are also plenty of credit unions for those of us that don't want to bank with the big banks which are just as capable as many of the larger banks.
- TMWNN 4y agoCredit unions are by design not meant to serve business customers (some do, but they're the exception for a reason). Further, Canadian credit unions (with the kinda sorta exception of Desjardins) are insignificant in size, which is why I didn't bother mentioning them in the first place. Let me repeat: Canada lacks the equivalent of regional banks, and that's a problem for entrepreneurs looking for banking (let alone loans) for new ventures.