RE: https://mstdn.ca/@SheamusPatt/116263446411294847

"Actually, banking wouldn’t be a new service. Canada Post offered “postal banking” for more than a century.

And it was a big money-maker, even though Canada Post typically offered its banking customers higher interest rates on their savings accounts than the private banks did. The private banks never liked the competition, and continually pressed Ottawa to end postal banking, which it did in 1969."