They'll try. Of course they're going to try. This is a revenue stream. They were even against expanding the Canada Pension Plan because it would cut into their RRSP and mutual funds. Of course they're going to try to fight back against this. Frankly, they owe that to their shareholders, but we're accountable to our membership, and you're accountable to the citizens of Canada. It's about balancing whose interests are more important. The banks are making billions of dollars in profits every year.
On October 21st, 2016. See this statement in context.