#Mps credit union update#

#Mps credit union update#

Our Morning Update and Evening Update newsletters are written by Globe editors, giving you a concise summary of the dayвЂ™s most important headlines. вЂњWe need to have a better overall mitigation plan amongst all levels of government in place to avoid future freedom barbecues from blockading critical public infrastructure,вЂќ he said. He said a similar amount was lost in pay for some 100,000 Canadian autoworkers.Дuring his opening remarks, Volpe said the blockade also cost Canada goodwill with our trading partners, and laid some blame on politicians who вЂњshamelessly egged onвЂќ their social media followers. The week-long blockade at the busy Ambassador Bridge connecting Windsor and Detroit, Mich., cost the North American automotive industry roughly $1 billion in unrecoverable production, said Flavio Volpe, president of the Automotive Parts ManufacturersвЂ™ Association. Later in the hearing, Benitez said there were only a handful of donations from Russia to the convoy fundraiser and no evidence of a co-ordinated effort.ДЄs streets in downtown Ottawa, including in front of Parliament Hill, were clogged with cars and trucks protesting public health restrictions and Prime Minister Justin TrudeauвЂ™s government, sympathy protests sprang up around the country, including at key border crossings. Liberal MP Sophie Chatel raised the possibility of вЂњRussian dark moneyвЂќ flowing to the convoy without citing direct evidence.

The platform ultimately decided to freeze funds and issue reimbursements after speaking with OttawaвЂ™s mayor and police about reports of violence, harassment and threatening behaviour. The largest donation to the campaign was $30,000 and it came from Canada, said Kim Wilford, the platformвЂ™s general counsel. Juan Benitez, the president of fundraising website GoFundMe, said his companyвЂ™s analysis of the more than $10 million donated through the platform found that 88 per cent of donations and 86 per cent of donors were from Canada. The testimony came as part of hearings the Commons finance committee is holding about the government use of never-before-used emergency powers to put an end to the protests.ДЄmong the measures were ones requiring crowdfunding platforms to disclose information to federal law enforcement officials, as millions in donations flooded sites like GoFundMe and GiveSendGo.ДЄlthough the reporting measures for fundraising platforms were short-lived, the Liberals have said they want to make the change permanent. вЂњCredit unions had to really answer a lot of questions from members about under what circumstances the government can freeze accounts because many Canadians felt surprised that the government had that authority,вЂќ Durdin said. She said that led to Canadians withdrawing large amounts from their credit union accounts, sometimes in the hundreds of thousands and, on a few occasions, millions of dollars.Д«anks went beyond RCMP list of names in freezing a вЂsmall numberвЂ™ of accounts under Emergencies Act: Bankers AssociationД«anks grapple with new Emergencies Act powers to curb the flow of funds to support blockadesД¬redit unions ultimately froze 10 accounts with a total value of less than half a million dollars, Durdin said, adding that many credit unions would have appreciated further guidance about precisely which accounts would be frozen.Дurdin, among others testifying today to the committee, said the situation points to a need for federal officials to communicate more clearly about emergency powers, and consult a wider array of financial institutions beyond the countryвЂ™s biggest banks. Martha Durdin, president and CEO of the Canadian Credit Union Association, said the combined effect was a degree of panic among Canadians that their accounts could be frozen because they made small donations to the convoy. The government also granted a level of latitude to institutions that contributed to the confusion, MPs have been told.