The Leader of Canada’s NDP, Jagmeet Singh, made the following statement in response to the potential merger of RBC and HSBC
Statement on 2nd anniversary of the death of Mahsa Jina Amini
MEDIA RELEASE: Merger will mean more profits for huge banks, less options for Canadians
“Canadians are already struggling with the high cost of essentials and higher interest rates and fees to the big banks in Canada. Today's news of the potential merger of two large banks is only going to decrease the options for families in Canada and put more money into the pockets of big bank executives.
Let's be clear: this is an opportunity for RBC to make even more money while hardworking people playing by the rules and doing everything right, still can’t get ahead. The Liberal government has the power to stop this merger and protect Canadians. This will not be good for Canadians and their budgets.
While the cost-of-living soars, time and again, Justin Trudeau's Liberals and Pierre Poilievre's Conservatives are standing with the big banks and their profits instead of Canadian families and their pocketbooks.
Canadians need results – they need money back in their pockets, not more platitudes and empty words. New Democrats are pushing the government to stand up for Canadians and not approve this merger, strengthen the Competition Act and close tax loopholes used by the ultra-rich and make them pay what they owe.
New Democrats know who we stand with – and that's you and your family. We're going to keep fighting for you, not the big banks looking to make even bigger profits at your expense.”
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Hill Times: ‘Structural solutions not inflammatory conclusions’ required to fix foreign worker program: Senator Omidvar
NDP MP Jenny Kwan (Vancouver East, B.C.), her party’s immigration critic, said the UN report should come as no surprise to the government, as it echoes “what migrant workers and labour advocates have been saying for a very long time.”
NDP MP Jenny Kwan says the power imbalance that leads to abuse is structural to the temporary foreign worker program, not just its low-wage stream. The Hill Times photograph by Andrew Meade
“The way the program is set up exposes workers to exploitation and abuse because they’re reliant on their employer to retain their status in Canada,” Kwan explained. “If they face abuse and exploitation and complain about it, they stand to lose their job, and—in the worst-case scenario—they stand to be deported back to their country of origin.”
Kwan said the government has taken a “haphazard approach” to addressing problems with the TFWP to date, focused almost solely on the low-wage stream, but—while misuse of that stream is “particularly deplorable”—she said the root of the problem is structural to the entire program.
“The government has to address the main structural issue, and that is the power imbalance that exists between the temporary foreign worker and the employer,” Kwan said. “The only way to do that is to ensure that the temporary foreign workers actually have landed status on arrival, then they are not dependent on the employer, and would not have to suffer potential abuses and exploitation.”
“It doesn’t matter what stream it is, all the temporary foreign workers programs subject migrant workers to potential exploitation because of that power imbalance,” Kwan said, adding, though, that the NDP supports calls to end the program’s low-wage stream.
While the government and groups like the Canadian Chamber of Commerce may reject the UN rapporteur’s characterization of the program, the recent Senate report found similar abuses within the program.
CBC: 'Disgusted' immigration minister looking into revoking citizenship of Toronto terror suspect
"People are rightfully furious and deeply concerned to learn that a man allegedly linked to a terrorist group and heinous terrorist acts was given Canadian citizenship by the Liberal government," she said in a statement.
"This alarming failure only adds to the concerns that Canadians already have about Canada's public safety and immigration system."
On Tuesday, a parliamentary committee agreed to investigate the case amid questions about the immigration screening process for both men.
The committee hearings, set to begin later this month, will likely zero in on Canada's immigration process, its security screening capacity and how security officials handle domestic threats.