Sign the petition… reinstate the Bank of Canada as a Public Utility – mandated to lend to all three levels of government at zero interest.
To move forward we need to know where we are presently standing. The Government of Canada created a public central bank owned by the people of Canada through the Government. In 1967 the Bank of Canada was converted from a national public utility to a ‘for profit’ central bank. In 1993 the Auditor General published a statement detailing the situation with our public debt – that being – 91% of our debt is interest. In 1997 Stephen Harper resigned his