Mr. Speaker, these are quotes from a couple of witnesses who were in front of the Senate. “I think that litigation would end up in the Supreme Court” said Patrick Shea, who is an expert on BIA and CCAA litigation.
Another person from the Canadian Bankers Association said, “Our concern, however, is that the solution that has been proposed might very well prove to be ineffective in providing relief to beneficiaries, and it might have serious negative consequences to the broader economy”.
We are for solutions that work.