Mr. Speaker, the emergency economic measures order was in effect for only a short period of time, and it only targeted designated persons participating in the illegal blockades and occupations. As at February 21, 2022, we are aware of enforcement action taken by the RCMP under the emergency economic measures order that resulted in the freezing of approximately 280 financial products, e.g., savings and chequing accounts, credit cards and lines of credit, for a total of approximately $7,900,000, including $3,800,000 from a payment processor.
Moreover, there is a statutory obligation pursuant to the access to basic banking regulations for banks to open retail deposit accounts for consumers. Therefore, banks must continue to open retail deposit accounts for any consumer subject to the exceptions in the regulations.
With regard to the Bank of Canada, a search of the records of the Bank of Canada did not produce any results.
With regard to the Canada Deposit Insurance Corporation, CDIC, a search of the records of the CDIC did not produce any results.