Canada Orders Banks To Cut Funding To Quell Protests

Feb 21, 2022 · 53s
Canada Orders Banks To Cut Funding To Quell Protests
Description

Canada orders banks to help cut funding to protesters against COVID-19 mandates this week. Prime Minister Justin Trudeau invoked the rarely used Emergencies Act, imposing sweeping measures that require banks...

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Canada orders banks to help cut funding to protesters against COVID-19 mandates this week.
Prime Minister Justin Trudeau invoked the rarely used Emergencies Act, imposing sweeping measures that require banks to freeze accounts linked to the protest without court orders, ask insurers to suspend coverage on vehicles used in blockades and bring crowdfunding platforms under terrorism financing oversight.
The Canadian Bankers Association says all financial institutions will need to diligently implement the required measures adding it would not affect the majority of customers.
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Author Africa Business Radio
Organization Africa Business Radio
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