Quote Originally Posted by lars573 View Post
Rabbit you gotta understand that in Canada the only governmental body that can issue a charter to financial institution to call itself a bank is the federal government. And always has it been so. Provinces can only issue a charter for credit unions. Besides the 5 major banks we have (TD, CIBC, BMO, RBC, and Scotiabank) were created from the mergers and aquisitions of small regional banks over the last 150 years.

Hosakawa I was watching Obama's interview on the CBC last night. He's noticed, but he doesn't really know how to get your banks on a similar footing.
I opened a savings account in 1971 at Toronto Dominion Bank with $100. I wonder if it's still there.