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House Hansard - 54

44th Parl. 1st Sess.
April 6, 2022 02:00PM
  • Apr/6/22 2:04:02 p.m.
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Mr. Speaker, not too long ago, the federal government considered allowing new financial providers to enter Canada's protected banking sector. Canada's big banks argued that additional competition would limit their ability to deliver in-person services and that they would act in the interest of our communities. However, these promises have been forgotten by at least one Toronto head office. Over 2,000 of my constituents on Grand Manan were recently notified that the island's only bank would be shutting down. The bank says it is a business decision, even though Grand Manan is a very prosperous fishing community. Scotiabank wants islanders to take a 90-minute ferry trip to the mainland, which costs $40, plus drive another 30 minutes for in-person banking services. If this closure happens, it would signal to the entire industry that charging for in-person services is acceptable. Other G7 nations have taken steps to ensure rural communities are not being gouged by an uncaring banking sector. The Liberal government must do something to stand up for communities like Grand Manan.
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  • Apr/6/22 3:33:46 p.m.
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Mr. Speaker, I have the honour to present, in both official languages, the following two reports of the Standing Committee on Public Accounts: the 10th report, entitled “Special Examination Report—Public Sector Pension Investment Board”, and the 11th report, entitled “Securing Personal Protective Equipment and Medical Devices”. Pursuant to Standing Order 109, the committee requests that the government table a comprehensive response to each of these two reports.
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