Tuesday, March 06, 2007

Not banking on progress

Jim Flaherty, ever the populist crusader, has once again taken his idea of a strong stand against Canada's banks on the ATM fee issue by gently hinting that it would be real nice if they could, you know, think about possibly doing something if they feel like it, under penalty of potentially being asked nicely again. And the response only shows just how laughable Flaherty's supposed strategy has been: the Bank of Nova Scotia is now claiming that yet another quarter of record profits somehow proves that nothing should be changed.

Now if only the federal government had some leverage it was willing to use to ensure something actually happens, rather than merely continuing to grandstand...

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