Bank fees



The GlobalEconomy.com web site provides an interesting tool that lets you compare Countries using over 500 indicators. Here is what we found.

Canada ranks number 9 in the world for it’s “ability of the government to formulate and implement sound policies and regulations that permit and promote private sector development.” Sounds good, right? But Canada also ranks 5th in the world for our rate of household debt to GDP. 5th! Canadian households owe 110% of our GDP in debt! The USA is only 78%. What does this tell us? Canada is good at letting the private sector grow on one hand while letting that same private sector get households further and further into debt.


Canada was, largely, protected from the global economic meltdown in 2008 due to tougher banking regulations. So what have we done since then? Why deregulate of course! And not just in banking but anywhere corporate interests may come into conflict with our health and safety. Deregulation leads to events like tainted water in Walkerton, chunks of overpass falling in Laval, and tainted meat in Canada. Where will deregulation lead to in the banking sector? Our government has shown that it can “implement sound policies.” So what is keeping them from regulating banking fees?


Banks in Canada got Billions at the start of the pandemic. Now they are making Billions in profit all while jacking up fees. Join Jagmeet Singh in calling on Justin Trudeau to regulate banks and make them lower their fees that are hurting people.


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