The Globe and Mail reports in its Monday, June 22, edition that JPMorgan is optimistic about Canada, announcing plans to invest part of its $1.5-trillion (U.S.) budget over the next decade. Contributing columnist John Turley-Ewart writes that the news is welcome for more than just giving Canadians access to fresh capital. JPMorgan's decision to expand its role here indicates the changes Prime Minister Mark Carney is making to a banking system that has typically prioritized big domestic players over competition. Mr. Carney's government is flushing out the clogs to make way for competition and growth. Ottawa's 2025 budget initiated changes to encourage federal credit unions and altered regulations, allowing smaller banks to grow before facing public ownership rules, giving them a better chance in the market. Goading Canadian bankers by praising an American bank is one way of toeing Mr. Carney's banking agenda. Peter Routledge, head of the Office of the Superintendent of Financial Institution, put out the welcome mat for JPMorgan to expand its financing program to Canada and raised eyebrows on Bay Street suggesting a United States rival had something to teach Canadians.