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House Hansard - 193

44th Parl. 1st Sess.
May 9, 2023 10:00AM
Context: House Hansard - 193 - May/9/23
Mr. Kevin Lamoureux (Winnipeg North, Lib.)
  • May/9/23 10:05:23 a.m.
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Mr. Speaker, I have a petition to present today that calls upon members of Parliament in the House of Commons to undertake a serious and comprehensive review of the current transit system of Canadian citizens' money in this country, with the aim of putting in place more stringent procedures, protocols and safeguards to protect seniors, in particular from losing their lifetime savings and wealth to fraud. We recognize there is a growing retiring population in Canada. Increasingly, they are becoming the target of fraud, given that they have built up wealth over a lifetime to help support their retirement years, and are vulnerable due to lack of controls and protections through the transmission of money within the Canadian banking system. Seniors are seeing the savings they have built up over years removed. This is about consumer awareness and what we can do, as parliamentarians, to protect seniors' retirement.
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