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Decentralized Democracy

House Hansard - 259

44th Parl. 1st Sess.
November 30, 2023 10:00AM
Context: House Hansard - 259 - Nov/30/23
Mr. Daniel Blaikie
  • Nov/30/23 10:24:42 a.m.
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Mr. Speaker, of course most companies in an oligopoly are sound and secure. That is kind of the point, is it not? They have the market power to ensure that their own business is sound and secure. The problem is they are doing that on the backs of Canadian consumers. We want to see more competition in the financial sector so Canadians do not have to pay for the soundness, security and peace of mind of bank CEOs. We think that is backward. We also think it is the job of this place to ensure that Canadians' interests are put first, not the interests of wealthy bankers. That is why we continue to say it is important to not approve the merger and keep a scrappy smaller player in the market to provide more competitive pricing to Canadians.
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