Finance committee  I don't have those specific numbers but I can tell you, in the reverse, that depending on the specific survey, between 96% and 99% of Canadians have a bank account, an account with a financial institution. The vast majority do. There are some provisions in the legislation where f

Finance committee  I don't have that specific number. I can get that number to you. I do know that banks take a lot of care of both the employment side and on sponsorships and education.

Finance committee  Yes.

Finance committee  I would be happy to follow up.

Finance committee  That's a fair point.

Finance committee  That's a very big question, so here we go. This is a moving target. Consumer protection regulations are not a static matter. We have the establishment of a framework here, but that can be built on, and I think Mr. Lawford mentioned that the Bank Act might be another platform in

Finance committee  I say this with respect and affection for my friends from PIAC: I disagree. I disagree on a range of fronts. If you look at it from the perspective of a consumer, the consumer does not want to have conflicting provisions. They won't know which will apply. They don't want to have

Finance committee  First of all, for me, it was 35 years ago, and my interest rates were 16% and 18%, respectively.

Finance committee  Anyway, to your point, let me say a couple of things. First of all, the quality of the underwriting has not changed. It is as strict as it ever was, and our prudential regulator won't let it be anything other than what it is. In fact, Mr. Deltell, I think a very telling case is

Finance committee  We've been watching the Federal Reserve board for quite some time. Will they raise it? I think it will happen. I don't know. I'm not making a prediction. I would say this. The deputy governor of the Bank of Canada, Tim Lane, was asked that question, and he made it very clear in h

Finance committee  I'm sorry, but I will have to speak in English. I'd say it is the question that is on everybody's mind these days. You can't open a newspaper without seeing something about housing. What I would say is this. I'm going to answer your question in a bit of a roundabout way, but

Finance committee  Sure. Thank you very much. I appreciate those comments. Again, I go back to the financial crisis. If we looked at many other jurisdictions in the world, certainly south of the border, we saw a multiplicity of regulators often working at cross-purposes. We didn't have that here.

Finance committee  Thank you, Mr. Chair. Good afternoon, ladies and gentlemen. We would like to thank the committee for inviting the Canadian Bankers Association to participate in the committees review of Bill C-29. The CBA works on behalf of 59 domestic banks, foreign bank subsidiaries and forei

Finance committee  It's a bailout, or bail-in, actually.

Finance committee  That is not a scenario that could happen in Canada, quite frankly. In fact, there was a lot of confusion when Cyprus happened, because bail-in was a new concept. The federal Department of Finance has put out a paper on bail-in, which makes it very clear that no depositors and no