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View Peter Julian Profile
NDP (BC)
This is for OSFI.
Thank you very much for providing us with the update on the overall supports to the banking sector. We got this a couple of weeks ago, and $750 billion, three quarters of a trillion dollars, are going to Canada's big banks. We've seen $5 billion in profits so far during this pandemic while people are literally fighting to put food on the table.
Is there an update that OSFI has on the overall figures? The Bank of Canada gave us a support level earlier today of $341 billion, which is $41 billion more than what was projected in the OSFI figures from a couple of weeks ago. Do you have an update to give us about the overall supports for Canada's big banks right now?
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