WHEREAS many Citizens in rural areas do not have access to either a bank or a post office and banks are frequently closing branches in small towns, with negative effects on local businesses and communities; and
WHEREAS Canada’s banks charge some of the highest fees in the world, and
WHEREAS a publicly owned bank could act in the public interest in ways in which private banks cannot, particularly for environmental initiatives and community economic development; and
WHEREAS there are many successful postal banking models in several countries eg: United Kingdom, France, India, Italy and New Zealand;
THEREFORE BE IT RESOLVED that the National Pensioners Federation call upon our Prime Minister, the Federal Government, and Canada Post Corporation to establish a task force to determine how to deliver new financial products and new services through the Post Office; and
BE IT FINALLY RESOLVED that the National Pensioners Federation urge the national government to establish a publicly-owned postal bank.
Submitted by TORONTO AREA RETIRED WORKERS COUNCIL