Hope efforts to revive Bank of Canada borrowing success

Duncan – I would like to thank you for publishing the letter from G. Cope on how all of Canada is drowning in debt to make the banks and lenders wealthy.

I often listened to the late Will Abram of the Cowichan Citizens Coalition and Eye Opener films, who spoke so eloquently on the way Canada’s own bank used to lend us our own money, which provided so much employment.

Our local aquatic centre, libraries, hospitals, schools, ferries, roads could all have been financed by borrowing at a tiny fraction of the private, commercial rate.

I hope Rocco Galati’s efforts to restore the use of the Bank of Canada meet with success – he is treading on dangerous ground and the Big Banks will not treat this lightly.

P. Foot


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