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Canadian banks are one of the most resilient and stable banking institutions in the world and it is quite common to ask how to open Canadian Bank accounts as an American. Americans and even other nationals regard Canadian banking industry as very stable with stringent Canadian government policy that maintains the industry as minimally competitive as possible by restraining foreign banks to enter into their market. This makes Canadian banking system more centralized as compared in America although the banking services in Canada and America are relatively the same. One need not have to become a Canadian citizen or live in Canada in order to open a Canadian bank account.
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