[catnipman]

“Now that protestors bank accounts will be unfrozen, it will be much easier for them to withdraw their money and invest elsewhere.”

how difficult would it be for Canadians to open U.S. bank accounts and shift most of their reserves into those accounts for protection from Canadian despots?

for example, RBC bank claims to be a U.S. bank specifically designed for Canadians to conduct cross-border transactions ... if RBC is REALLY a U.S. bank, then they wouldn’t be subject to the whims of Canadian despots ...

[Mogger]

With interest rates so low, why would anyone keep any money in a bank beyond a checking account for expenses?

Folks in Canada have realized if the dictator could cause the freezing of bank accounts of the protestors and people who donated to them, he could freeze anyone's account.

That is not something one wants to chance, even if they don't like the protests.

The good news is, this will help to keep cash being a usable currency and set back electronic banking and transfer of money.

[Rural_Michigan]

Idk but I just opened a bank account today and I was required to provide a SSN.

[PapaBear3625]

for example, RBC bank claims to be a U.S. bank specifically designed for Canadians to conduct cross-border transactions ... if RBC is REALLY a U.S. bank, then they wouldn’t be subject to the whims of Canadian despots ...

Unless Biden orders them to cooperate with Canada.

[Sicon]

"how difficult would it be for Canadians to open U.S. bank accounts and shift most of their reserves into those accounts for protection from Canadian despots?"

As if U.S. banks are any safer with Biden (Obama) at the helm here?