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Once seen as a stodgy backwater, the (apparently) sound Canadian financial system is getting a...

Once seen as a stodgy backwater, the (apparently) sound Canadian financial system is getting a starring role as banks there try and win overseas business. Midwestern giant Harris Bank is now known as BMO Harris Bank as its owner seeks to emphasize its roots. "Stability in Canada is a good message to lead with."
Comments (1)
  • hardingb
    , contributor
    Comments (33) | Send Message
     
    FDIC takes over its tenth and eleventh banks so far this year.

     

    Meanwhile, the Canada Deposit Insurance Corporation has taken over . . . uh, CDIC last took over a bank in 1996.

     

    And a deposit is available, usually within three days, whether it was made in Iqaluit or Come-By-Chance and drawn against in Calgary, Toronto, or Inuvik.

     

    An ABM card (automatic banking machine) gets you cash at any banking machine (regardless of the bank) or purchases at any merchant without having to use a VISA or MasterCard debit card.

     

    I'll take "stodgy" any day because my banks pay substantial dividends to boot.
    28 Feb 2012, 05:16 AM Reply Like
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