Cut To The Chase

This story has me scratching my head.  Chase Bank is exiting the Canadian market, and has decided to forgive all (Canadian) debts.  Sounds like a plot out of Mr. Robot.

I don't know that much about the credit card business, especially in Canada, but unless the outstanding debt was minuscule, I'm dumbfounded.  They're going to give up millions because it's not worth the effort?  Meanwhile, countless Americans (like me) still have to pay on our Chase cards--will we also have to make up for the lost debt from our neighbors up north?

While we're at it, just why is Chase leaving Canada?  It's right next to America, and not that different. Everyone does business through cyber-means anyway.  So why leave?  Is it too cold?

Canadian Chase card holders are thrilled.  I'm not so thrilled.  It's unclear why this is happening, but if I held stock in Chase, I don't think I'd like it.