MONTREAL, QUEBEC — (Marketwire) — 10/27/11 — In a speech to the International Finance Club of Montreal, Canadian Bankers Association (CBA) President Terry Campbell today said that Canada-s strong, sound banks help provide a shock absorber for Canadians against the global economic turmoil.
“Strong banks are needed more than ever to help families buy a home, help Canadians save for retirement and help small businesses to grow and thrive,” said Mr. Campbell. “We should continue to focus on our strengths – well-run banks and solid supervision – but at the same time we must not allow ourselves to become complacent.”
Mr. Campbell pointed to three reasons why Canada-s banks remain strong and able to continue lending to businesses and consumers in communities across the country:
About the Canadian Bankers Association
The Canadian Bankers Association works on behalf of 52 domestic banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their 267,000 employees. The CBA advocates for effective public policies that contribute to a sound, successful banking system that benefits Canadians and Canada-s economy. The Association also promotes financial literacy to help Canadians make informed financial decisions and works with banks and law enforcement to help protect customers against financial crime and promote fraud awareness. .
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Contacts:
Canadian Bankers Association
Maura Drew-Lytle
(416) 362-6093, ext. 338 or Cell: (416) 918-2777