Webinar | July 28, 2025
12:00 p.m. – 1:00 p.m. EDT
Register here.
In this webinar, the Mayer Brown team will be joined by Torys LLP to discuss the ways in which US and other foreign banks can engage in business in Canada.
Canada has a vibrant economy and abundant natural resources that present opportunities for global corporates and financial institutions. It is one of the United States’s largest trading partners, with over $2.5 billion in goods and services crossing the border each day. Over $110 billion in assets sit in the Canadian bank subsidiaries and branches of US banks.
US and other foreign banks have been permitted to own banking subsidiaries in Canada since the 1980s and there are no restrictions on foreign ownership of shares in domestic Canadian banks. Today, Canada’s bank regulatory requirements apply equally to all banks in Canada regardless of their ownership structure or whether the bank is owned by Canadians or non-Canadians. However, there remains a perception that foreign banks are not welcome in Canada.
This webinar will explore the legal framework for foreign banks to engage in business in Canada and address some of the misunderstandings about the functioning of the Canadian banking sector.