BMO Fails To Defend Canadian Steel And Aluminum Workers
Ottawa, ON – Kyle Seeback, Conservative Shadow Minister for Labour issued the following statement after leaked documents revealed that BMO was making it harder for steel and aluminum industry workers and employers to access loans:
“One of Canada’s largest banks has announced that the steel and aluminum industry will be added to what they call a “Limited Appetite” industry list, making loans for workers and employers harder to come by at a time when Canadian workers are exposed to huge risk as a result of Donald Trump’s unjustified tariffs.
“This makes it harder for those involved in the steel and aluminum sector to gain access to a mortgage or any other kind of loan.
“This is not stepping up for Canadians or Canadian workers.
“And at a time when Canadian workers are under attack, Mark Carney plans to slap new taxes on steel and aluminum manufacturing, and has gotten rid of the Labour minister. He has no plan to stand up for Canadian steel and aluminum workers.
“But this is entirely consistent with who Mark Carney is. Prior to being anointed Prime Minister by Justin Trudeau’s inner circle, Mark Carney led the charge to make access to banks more difficult for blue collar job creators through the Glasgow Financial Alliance for Net Zero, which demanded banks reduce access to money for industries like steel and aluminum.
“Workers deserve a government that will stand up for them. Conservatives will put Canada First and support our steel and aluminum industry so that workers return home with a powerful paycheque to an affordable home in a safe neighbourhood.”