Canadians have lost trust in the government and the banks, and have begun pulling out their funds and life savings.
To anyone that thinks this will lead to a bank run, it won't. The fringe minority (me) that might do this will not effect the big banks reserves. This was a personal decision. I am not suggesting making a run on banks a reality.
— V Ξ R N 2.0 🇨🇦 of the fringe minority (@inquiringmind76) February 16, 2022
Yes, my husband and sons did this today too. One son said the guy in front of him was also withdrawing several thousand dollars.
— Cat ‘kids need to breathe and see smiles’ Keitlah (@catherineKeitl) February 16, 2022
Expect a bank run in Canada shortly. If you tell people you can freeze their accounts, they’re gonna get cash out of their accounts.
— Zakalwe (was Who Is John Galt?) (@AnalystHex) February 14, 2022
This is literal madness.
Canada's Deputy Prime Minister says, under the Emergencies Act, banks can immediately freeze or suspend bank accounts without a court order and be protected from civil liability.
Is this still a free country? pic.twitter.com/IzAALIxzbB
— Greg Price (@greg_price11) February 14, 2022
Oof. Canada basically setting itself up for a bank run. https://t.co/qaFO8Ky3lD pic.twitter.com/ZhviDDHh27
— Jeez Trades 🔌 (@JeezTrades) February 15, 2022
Now that Canadians have seen how quickly the banks rolled over for Trudeau and instantly froze accounts (that were just suspected of donating to the protests, didnt even have to be proven) at his request. They have totally lost faith in the whole system.
Could it be just a coincidence? 🤔 https://t.co/r9dTZSPzYS pic.twitter.com/A15HysRpzv
— Financelot (@FinanceLancelot) February 17, 2022
h/t Gordy7789