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House Hansard - 179

44th Parl. 1st Sess.
April 18, 2023 10:00AM
Context: House Hansard - 179 - Apr/18/23
Mr. Kevin Lamoureux (Winnipeg North, Lib.)
  • Apr/18/23 10:18:04 a.m.
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Madam Speaker, it is with pleasure that I table a petition today. I want people to imagine working 30 or 40 years of their lives, accumulating perhaps $300,000, $400,000 or $500,000 in savings, and those savings being taken away. Retirees are increasingly becoming targets of fraud, given that they have built up wealth over their lifetimes to help support their retirement years, and they are vulnerable due to the lack of controls and protections in the transmission of money within the Canadian banking system. Seniors are seeing the savings they have built up over the years removed due to sophistication, deceit and trickery foisted on them by professional fraudsters to exploit them and the current Canadian banking system. Petitioners are calling upon the House of Commons to undertake a serious and comprehensive review of the current transit system of Canadian citizens' money, with the aim of putting more stringent procedures, protocols and safeguards in place to protect seniors, in particular, from losing their life savings.
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