VIDEO SCRIPT:
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Canada’s banking leaders are sounding the alarm on the need for our economy to change course.
With Canadians facing major economic challenges, including:
- S. Tariffs
- Poor GDP Per Capita Growth [1]
- Declining Standard of Living [2]
- Declining Capital Investment [3]
- Overburdening Regulations (Bill C-69, Oil & Gas Emissions Cap, IAA) [3]
(Sources: 1 – La Presse , 2 – Fraser Institute, 3 – Macdonald-Laurier Institute)
It’s time to listen to Canada’s top financial leaders and change economic course.
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“We can feed and fuel the growing world… That means removing internal trade barriers, getting high-impact energy and infrastructure projects approved faster, supporting home-grown tech innovation, improving our tax competitiveness and unlocking more capital to scale our best engines of growth.”
Dave McKay
President & CEO, Royal Bank of Canada
Source: LinkedIn, Dave McKay, Image Source: RBC
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“Canada has what the world needs: …energy, …innovation, and the talent to lead. As one of the most reliable and ethical nations, our energy sector is essential for addressing global challenges. To unlock this potential, we must make bold choices: streamline regulation, reduce barriers, and empower Canadian businesses to act with confidence and agility.”
Laurent Ferreira
President & CEO, National Bank of Canada
Source: LinkedIn, Laurent Ferreira, Image Source: NBC
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“We are uncompetitive on tax, on regulation, and on tone. And all levels of government – federal, provincial and municipal, must improve our competitiveness that underwrites our quality of life.”
Darryl White
Chief Executive Officer, BMO Financial Group
Source: Bank of Montreal, Image Source: Bank of Montreal
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“The current situation is… a clear signal that Canadian governments and businesses must pull together to remove the obstacles that hold back national productivity, and strengthen our competitiveness.”
Raymond Chun
Group President & CEO, TD Bank Group
Source: Reuters, Image Source: TD Bank Group
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“Asserting our position as the world’s [top] producer of natural resources is a good place to start. Creating more east-west pipeline capacity will open new markets, diversify our economy, increase national revenues, create high-paying jobs and help supply the world with reliable, responsibly sourced energy.”
Victor Dodig
President & CEO, CIBC
Source: CIBC, Image Source: CIBC
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“It is clear that Canada has in abundance what the world needs, but it will take massive investment, and a clear path to enable that investment, to fully assert its position as a natural resource powerhouse. Nowhere is the challenge more obvious than in the energy sector.”
Scott Thomson
President & CEO, Bank of Nova Scotia
Source: benefitsandpensionsmonitor.com, Image Source: Scotiabank
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Canada needs regulatory reform to:
- Attract Capital
- Stimulate Investment
- Create Jobs
- Develop Our Resources
- Boost the Economy
…and build the pipelines, powerlines, ports, railways, and roads that will help us get our resources to new markets, take control of our economy, and secure our economic future
…Ensuring a better and more prosperous future for Canadian families.
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We need all hands-on-deck to correct our economic course. pic.twitter.com/2GFDcvYtsk
— Canada Action (@CanadaAction) May 7, 2025