All is quiet on the Canadian front. All border blockades have officially ended, and according to CNN, the protests may be coming to a close as Ottawa police are considering designating no-go zones for demonstrators. The situation, which had caused significant disruption across the country, appears to be calming down, though tensions remain under the surface.
Earlier this week, the Canadian government gave banks the green light to freeze the accounts of protest organizers, sparking concerns about potential financial instability. Some feared this could trigger a bank run, but so far, there’s been no clear evidence of that. However, Canada’s five largest banks experienced major outages on Wednesday, raising questions about the stability of the banking system. While it's hard to say if these outages are related to the recent political turmoil, they've certainly added to the uncertainty.
We’re keeping a close eye on the situation. If you're in Canada and have encountered any issues with your bank or are thinking about withdrawing cash, we'd love to hear from you. Your experiences can help us better understand what's going on on the ground.
What the hell is happening to Canada’s banks right now? pic.twitter.com/NRjPWlG0GE
— James Melville
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