When Deputy Prime Minister Chrystia Freeland called the chief executive officers of Canada’s Big Six banks on the Sunday in February before her government invoked the Emergencies Act, CEOs stressed that the tools they had to help choke off money pouring in to support the convoy protests were limited.
What the CEOs were not told on the first call on Feb. 13 was that the government was getting ready to use the Emergencies Act to expand the banks’ powers to freeze accounts. In a briefing note sent to Ms. Freeland before the call, her director of economic strategy and planning, Tyler Meredith, wrote: “We have not given them any indication about what is under consideration. ... So your comments may be the first signal of forward guidance.
The banks were not necessarily opposed to freezing accounts. Toronto-Dominion Bank CEO Bharat Masrani said on Feb. 13 that if the government designated the protesters as terrorists under the law, “we could act swiftly,” according to a readout of the call – a sentiment echoed by Royal Bank of Canada CEO Dave McKay and Bank of Montreal’s Darryl White. In that scenario, Mr. Masrani also urged government to give banks a list of “mischief makers” to pursue, according to Ms. Freeland’s notes.
Ranking Globe investigative reporter Robert Fife detailed the family history of Michael Chomiak, his early adoption phase and his granddaughter's recognition of it in a 2017 report
Collaborative Corporatism: Early Adoption Freeland comes by her collaborative strategies naturally. Her grandfather, Michael Chomiak, himself a ranking intellectual in the Ukranian diaspora, spent World War II working collaboratively with German corporatists in Poland.
An interesting and well written summery / article of a complex situation
I’m thinking banks are right on line for reset. I’m thinking banks and Freeland will be in the 30’/, replaced.
Corporate Police State.
This is how Canadian democracy under Trudeau works. The Finance Minister asks bank CEOs how to put down a protest against government policy. A banker suggests declaring that the protesters are “terrorists”. Shameful. cdnpoli Trudeau
“Canada’s reputation is at risk”. Wow, the arrogance is astounding.
Emergency Act invoked after “Whitey Bolger Biden” laid down version of “Rules Based Order” to Muppets of Ottawa! Lib-NahtZee Vassals demonstrated worthiness for EV Lithium Factory? Reliable/obedient TaskMasters. Price of 80% Empire dependency?
Move your wealth out of Canada where possible. She has a family history of totalitarianism and is obviously walking in lock step with it. Colluding with banks to quash legitimate peaceful protest is nothing short of fascism, fascism for her & wealthy friends, communism for us
If ever there was a reason to switch to a Credit Union - this is it!
Now imagine what happens once everyone is using “programmable” CBDC... linked to a social credit score no doubt. 🤷🏻♂️
The title is sort of misleading here, as illustrated by the other comments. The article doesn’t articulate anything that sounds like corruption, I think that should have been clear in the title as well. Sadly, not everyone reads past that.
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