How Canada’s banking protections stifle innovation at home, but give Big Six free rein to expand abroad

This is the second instalment in Access Denied, a four-part series on protectionism in Canada and beyond. Read part one here.

The Big Six banks probably do not need much in the way of protection. They are among the country’s most profitable companies and, judging by their expansion into the United States and elsewhere, their more pressing concern at the moment may be breaking into other markets.

For example, Bank of Nova Scotia is growing its footprint in Latin America; Toronto-Dominion...

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