this post was submitted on 23 Dec 2025
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Canada

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This will mark Canada's demise. An ex Blackrock executive for US-CA relations, he will sell our lives for a quick buck and a place near his mates.

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[–] avidamoeba@lemmy.ca 1 points 2 hours ago* (last edited 2 hours ago)

Canadian banks bought US assets for pennies on the dollar in 2008.

While that's true, there's a not-so-visible side effect. The AMCB (TD US) segment of the bank has very significant influence on decisions at TD Canada. The bank that was TD in 2008 is a much more American style operation today. Have insider info on this. Also its US side exposes it to the American meltdown-to-be, unlike the situation in 2008.