To: Squawk 8888
Umm, not really, I don't think. Canadian banks have US subsidiaries. If TSHTF they might go down too. Don't expect head office to bail them out.
Deposits in Canadian banks in Canada are a different story.
17 posted on
08/08/2011 9:30:31 AM PDT by
Former Proud Canadian
(We .. have a purpose .. no longer to please every dictator with a vote at the UN. PM Harper)
To: Former Proud Canadian
Good point. Moving money outside the USA is probably the best bet.
26 posted on
08/08/2011 9:44:39 AM PDT by
Squawk 8888
(Tories in- now the REAL work begins!)
To: Former Proud Canadian
Whatever happens in the U.S., happens in Canada. Walk down main street in any major city in Canada...nothing but American owned stores: Sears, Wal-Mart, Target, BestBuy, etc. If we go down, THEY go down. They dont have near enough businessmen/entrepreneurs to leverage themselves against the tide.
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