Why Is Trudeau Going After Small Businesses Instead Of The Big Banks?


If Trudeau really wanted more revenue, he would look to the big banks making massive profits, instead of attacking Canada’s small businesses.

With most Canadians experiencing wages that are stagnant or declining in real terms, the increasing burden of taxes under the Trudeau government is making things worse.

However, while millions of Canadians struggle, bankers have done very well under the Trudeau government. For them, the good times are rolling.

The reported Q3 profit of Canada’s five big banks was $10.15 billion. Despite concerns over the housing market and massive levels of consumer debt, banking is clearly an industry that is doing well during the Trudeau era.

Yet, massive profits aren’t the only reason the banks must be happy with Trudeau. Through his so-called “Canada Infrastructure Fund,” Trudeau is giving $35 billion to a fund that will be heavily influenced by banks (both Canadian banks and foreign banks), and will put all the risks of failed investments on Canadian taxpayers – while giving banks all the rewards.

Trudeau’s willingness to serve the banks comes at the expense of the middle class, as we can see in his attack on Canada’s middle class small business owners.

If Trudeau was really concerned about fairness or government revenue, he would impose a tax on the banks, taking some of their immense profit. Instead, he’s taking from Canadian small businesses, which will have a devastating impact on the middle class and on the top source of jobs in our country.

By serving as a tool of the banks and choosing to attack small businesses, Trudeau has made clear that he is an enemy of the middle class, not a supporter of it.

The Trudeau government is skewing our rigged economy even further towards the powerful elites. In Trudeau’s Canada, the bankers get richer, while middle class small businesses get screwed.

That’s not the real change people thought they were getting.

Spencer Fernando

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The elites want to hide their many failures behind political correctness, deception, and manipulation. We need to push back and spread the truth.

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6 comments Add yours
  1. Neither Trudeau nor his lame advisors have the financial or responsible foresight to take informed decisions … drama teaching does not provide this asset ….

  2. Because in his budget he already made a deal with the banks to “bail in” the Government and steal 20% from your savings accounts!

  3. I believe by now we all know the answer to your question, Spencer. Again, another reality of this so-called ‘leader of our country’ is the fact that he has never, as Pierre, any empathy whatever for Canada and his allegiance is strictly to the international elitists, from whom he gets his ‘marching orders.’

  4. The government,this or any government,will NEVER “go after” the big Canadian banks for the simple reason that they ARE the Canadian establishment. Look at the Boards of Directors and high ranked executives in the Big Five, political types abound in their ranks. Same as with the Big Corporations.

    The banks in Canada are as untouchable as The Queen. This is the reality of the intertwining of government and the Bigs in Canadian business. Remember back in November, 2015,just after the LPC won their nice safe majority,a few days later,there was a tiny two paragraph item on the business pages mentioning that Trudeau was spending the weekend at the famous Irving Lodge in the Maritimes.

    Every incoming PM since Pierre Trudeau has spent his first weekend in a high level meeting at that fly-in lodge,where the new kid on the block is shown the real power in this Country and told what his parameters are.

    We’re a small cold weather banana republic, ruled by a small very wealthy elite.It has always been thus since day one in 1867. The hardest part of governing Canada is figuring out how much to squeeze the peasants without creating enough public outrage to lose votes.

    This time,with the new taxes on small business,they have have overstepped their bounds. We can hope.

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