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The 2013 Canadian Federal Budget established a “bail-in regime” to allow banks to convert “certain liabilities” into capital. Fortunately, it was never implemented in 2013.

Because of the Bail-in clause, Moody’s has reduced Canada’s economic outlook from “stable” to “negative”. Now, the Trudeau government is trying to bring the bail-in back in their new budget.

We the undersigned respectfully ask the government of Canada to remove the clause and commit to not implementing a “bail-in regime” as it will be detrimental to our country’s economy.

 

 

 

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