Prime Minister Mark Carney speaks about Canada’s response to new U.S. tariffs during a news conference on Parliament Hill in Ottawa on Saturday, Aug. 22, 2026. (Patrick Doyle/The Canadian Press via AP)
\n\nThe portrait of King Charles III on the new Canadian $20 note is seen under a magnifying glass at its unveiling event in Ottawa, on Thursday, Sept. 3, 2026. (Justin Tang/The Canadian Press via AP)
\n\nTransport trucks cross the Ambassador Bridge into the United States of America, in Windsor, Ontario, Canada, Saturday, Aug. 22, 2026. (Dax Melmer/The Canadian Press via AP)
\n\nPresident Donald Trump speaks to reporters in the Oval Office of the White House during a meeting with travel executives, Wednesday, Sept. 2, 2026, in Washington. (AP Photo/Jacquelyn Martin)
\n\nAsked about the trade war with Canada on Wednesday, President Donald Trump falsely claimed that U.S. banks are not allowed to do business with its neighbor to the north.
\n\nThe allegation came during a meeting with U.S. travel executives in the Oval Office, after a reporter asked Trump whether there are plans for renewed trade talks between the two countries.
\n\nExperts say that although they may face restrictions, U.S. banks are not forbidden from operating in Canada.
\n\nHere’s…
Original source: https://apnews.com/business