Alright:
I want to start a financing institution that is not under the Bank Act. I want to lend money I borrowed from foreigners to locals at low interest rates.
Perfectly suited to customers who are conscious or sensitive to interest rates (these being businesses, banks, others). This means the niche market aimed at those well educated about interest rates.
The cost of this I can add as a risk premium on the interest rates. The interest rates abroad are lower - in the 1-3% range.

If you guys are happy with the concept of importing products and selling it, now consider you can import money and sell it.
I do not want to start a bank, since the Bank Act forces banks to take money through the traditional reserve bank system. Therefore this will need to be registered as a financial services provider under the FSB.

The most fun part of something like this is of course the risk management side of it. I will a fascinating piece of financial engineering if it can be done.