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Decentralized Democracy

House Hansard - 42

44th Parl. 1st Sess.
March 21, 2022 11:00AM
Context: House Hansard - 42 - Mar/21/22
Mr. Jean-Denis Garon
  • Mar/21/22 1:27:07 p.m.
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Madam Speaker, there are two things I want to say. That is what happened in wartime, during World War II, when the debt ratio increased. The government collected exceptional contributions from the big banks and corporations, far more than is being asked for today. That allowed us to get through very difficult times. Now, my colleagues need to understand that, by its very nature, the Canadian banking system is less competitive than other countries' systems. Profits are higher than elsewhere, and the system is also more stable. We need to be able to take advantage of this stability when we need it the most. That time is now.
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