How NAFTA has affected the financial service industries in the United States, Canada, and Mexico

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firms with existing investments in Mexico will be able to acquire previously prohibited majority ownership, including 100 percent ownership, in their investments. New U.S. entrants in many Mexican markets may start their own wholly-owned firms in Mexico The greatest effect that the NAFTA financial service agreement has had on Canada is the liberalization of their financial sector...
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Many banks and financial institutions have been increasing in size through mergers and acquisitions. In 2001, the Royal Bank of Canada acquired Centura Banks and its 240 branches in the United States. They also purchased U.S. investment banks Dain Rauscher and Tucker Anthony Sutro for a combined $2 billion...
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