Peter Fragiskatos at the Finance Committee

On April 9th, 2020. See this statement in context.

April 9th, 2020 / 4:55 p.m.

Liberal

Peter Fragiskatos Liberal London North Centre, ON

Thanks, Mr. Chair, and thank you to the witnesses.

This question is for Mr. Parmenter and Ms. Durdin.

Victor Dodig, the chief executive officer of CIBC, as you well know, recently said that COVID-19 will have a more profound effect on the world than the attacks of September 11. First, do you agree with that sentiment? Second, if you do agree, what does that mean? What does it imply? What are the overall implications for banks, going forward, and for credit unions?

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