Despite the 2008 financial meltdown, the World Trade Organization continues to negotiate new rules that would promote foreign takeover of domestic banks and more deregulation. WTO advocates are using Canada to argue that a country can liberalize its financial sector yet suffer comparatively less from financial shocks.
This study by CCPA Research Associate Ellen Gould shows how the opposite conclusion should be drawn from the Canadian experience, since limits Canada placed on its WTO liberalization were key to stabilizing the banking system during the financial crisis.
The CCPA’s bold vision and creative solutions help us imagine better futures for all. Its efforts to build bridges between labour, industry, and civil society and mentor young activists lay the foundation for realizing those provocative futures. I consider my support for the CCPA an investment in a better future for British Columbia.
— Polly Ng, Next Up graduate