03/06/2015 - Financial Repression – Capital Controls: A Canadian Bank Shuns U.S. Citizens
Article highlights an Alberta bank is now the first in Canada to shun U.S. clients on bank accounts .. Canadian Direct Financial, a subsidiary of Edmonton-based Canadian Western Bank, is refusing to open new accounts for U.S. citizens, even to those living in Canada – “The information and documentation required to open and monitor an account within Canadian Direct Financial for a U.S citizen or resident outside of Canada is prohibitive to providing the level of service our clients expect and deserve.”
