Opinion: Emergencies Act’s freezing of bank accounts reflects wider mess at Finance Canada

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Emergencies Act’s freezing of bank accounts reflects wider mess at Finance Canada

– a great inflation-hedging instrument for pension funds and indicator of forward-looking inflation expectations.

Freezing bank accounts of political enemies, the so-called “fringe minority” in Mr. Trudeau’s words, without due process, was easily the worst offence in the entire saga. Confiscating access to private property was completely unnecessary to ending blockades of bridges and public streets. Even if there was such a mechanism, however, it is still reprehensible. It implies Ottawa should have some level of omniscient surveillance on Canadians – knowing at all times whether someone is physically present at a protest or not – and that the government should have the whimsical ability to shut off access to bank accounts. Such a proposed mechanism has eerie similarities with China’s policy to prevent travel to certain areas of the country based on social credit.

Increasing government spending while inflation remains high is hardly prudent. Increasing public funding for carbon-capture projects in order to compete with U.S. green subsidies recently passed in the Inflation Reduction Act seems to be overkill for a Canadian economy that already has a carbon price of $65 per tonne, which is only set to increase in future years .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They should all resign. They are a disgrace to what Canada stands for.

The EA and the freezing of accounts ended that stupid convoy in 3 days. After MONTHS of provincial and municipal failures. I guess that's why you all hate it so much. It worked.

Frozen accts seemed extra-judicial, did pol commissars work w banks to act against perceived ideological and political foes?Financial ruin is life-altering, impoverishing, yet many seemed innocent of sinister aims, only speaking out against govt policy. Not healthy for democracy.

If I knew that bank accounts were frozen during the trucker convoy due to the use of the Emergencies Act, I would have never agreed that the use was justified!!! INDEPENDENT

Why don’t the Liberal government freeze the bank accounts of all those who have defaulted in returning the SERB money that was given but not entitled. My wife returned her $2000. Maybe we were stupid to return it. Now they plan to write it off.

Don't threaten to overthrow a gov't if you can't live with the consequences. hahaha

Wow ya think?

Ya think

Totalitarian.

Canada via bank freezing for protestors concerned for their own health and safety via a mandated forced injection reflects Canada's willingness to violate human rights for corporate agendas. Canada we knew is gone - Canada is a terrorist state

Nobody cares. Btw, Jon Hartley is a republican. Living in America. Praised Trump in office. His opinion is .. meaningless. Worthless.

Shameful, Canada is broken!

Garbage

So you can be charged for protecting your, on your own property. No wonder, people questions about the law protecting law abiding citizens.

I have now not donated to a single charity in a year, and will never donate to a Canadian charity again. After losing access to my bank accounts for 6 days, I keep most of my money in cash, and avoid charities.

There certainly is a pattern of over reach by the Liberals. Frozen accounts( maybe the go fund me account only] Also: Gun control Migration Mandates Ukraine support Climate tax ...

Tyranny in Canada

Keep the money hand it out to local charities on behalf of our wonderful truckers, food banks warming centers etc..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines