Is Canada a safe place to invest if the government can seize bank accounts without court order or legislative action first?

[sharon sanders]

Some headlines. A lot of people are talking about this topic. It probably was not wise to order banks to freeze accounts on the order of one person.



Fortune
Trudeau’s emergency orders aimed at freezing the funds of the ‘Freedom Convoy’ caught banks off guard
Prime Minister Justin Trudeau's emergency orders aimed at cutting off funds to protesters have cast a wide net across the Canadian financial...
.
2 days ago

Bloomberg.com
Canada Truckers: Police Begin Financial Squeeze; Trudeau ...
The emergency orders require virtually every participant in the Canadian financial system -- banks, investment firms, credit unions, loan...
.
1 day ago

The New York Times
Police in Ottawa Mobilize for an ‘Imminent’ Crackdown on Protest
29, similar protests erupted in other Canadian cities and on the ... a national public order emergency aimed at stopping the protests.
.
17 hours ago

Al Jazeera
Canada roped in banks to quell protests – now what?
Trudeau's Emergencies Act imposes measures that require banks to freeze accounts without court orders. People walk in Ottawa, Ontario, Canada.
.
1 day ago

Global News
Canada’s banking industry will carry out emergency orders to stop trucker convoy
Canada's banking industry will carry out emergency orders to stop trucker convoy ... portfolio managers and investment counselling services.
.
2 days ago

Investment Executive
Investment firms being swept into Emergency Act measures
Major Canadian banks have so far declined to comment individually and have referred to the CBA statement. The emergency orders direct...

 

[Shiloh]

Source: https://www.bloomberg.com/news/arti...reports-crypto-ceo-tweets-to-police-the-logic

Canada Regulator Reportedly Flags Crypto CEO Tweets to Cops
By Stephen Wicary and Joanna Ossinger
February 21, 2022, 10:57 p.m. ESTUpdated onFebruary 22, 2022, 5:31 p.m. EST

The Ontario Securities Commission has flagged Twitter posts from the chief executives of cryptocurrency exchanges Kraken and Coinbase Global Inc. to law enforcement, The Logic reported.

Tweets from Kraken CEO Jesse Powell and Coinbase CEO Brian Armstrong that criticized Canada’s emergency orders aimed at ending trucker protests that have roiled the nation and recommended the use of harder-to-seize non-custodial crypto wallets have been sent to the Royal Canadian Mounted Police, The Logic reported on Friday. It cited the OSC, which is the regulatory agency that administers and enforces securities legislation in Ontario, Canada’s most-populous province...

 

[sharon sanders]

bump this

 

[Shiloh]

Source: https://www.dailymail.co.uk/news/ar...ks-unfreeze-Freedom-Convoy-bank-accounts.html

That's good of them! Trudeau's government orders Canadian banks to unfreeze bank accounts of people who participated in or donated to Freedom Convoy after woke leader was condemned for authoritarian behavior

Canada's finance department has ordered banks to unfreeze accounts belonging to Freedom Convoy donors and protesters
The move came after liberal Prime Minister Justin Trudeau's government froze bank accounts and other assets during an 'emergency period' in Ottawa
Police reportedly ordered a freeze on more than 206 bank accounts, including one valued at $3.8million Canadian
Officers also ceased transactions involving 253 cryptocurrency addresses
Finance Minister Chrystia Freeland defended the financial freezings Monday saying: 'These measures were put in place to disrupt illegal activity in Canada'

By Natasha Anderson For Dailymail.Com
Published: 14:33 EST, 23 February 2022 | Updated: 04:26 EST, 24 February 2022

Canada has ordered banks to unlock accounts belonging to people who participated in or supported the weeks-long Freedom Convoy protest that saw near 200 arrests and brutal force response from police.

'They started [Monday] to unfreeze accounts,' Isabelle Jacques, a senior official in Canada's finance department, told lawmakers Tuesday, according to the Wall Street Journal.

The move came after liberal Prime Minister Justin Trudeau's government froze bank accounts and other assets during what leaders declared an 'emergency period' in Ottawa...

 

[Emily]

No, it is not safe right now for large or small investments, but where is it safe?

https://novayagazeta.ru/articles/2022/02/21/begstvo-ot-leviafana
Escape from Leviathan
What will the exodus from the centralized Internet look like and where do you personally start?
06:35, 22 February 2022Sergey Golubitsky, journalist, author of projects minoa.biz and vcollege.biz

...
Kristya put it bluntly like this: "I want those involved in illegal blockades and illegal occupation to know that these measures are real, they apply, and they will have consequences."

The public reaction followed immediately: on the night of February 17, the largest banks of the country (Royal Bank of Canada, Canadian Imperial Bank of Commerce, TD Canada Trust, Scotiabank, BMO Bank of Monstreal) one after another went offline, which, given the synchronous shutdown of terminals, clearly indicates the protective measures against the mass withdrawal of money by Canadian residents from their accounts.

It is no secret that banks, at the request of the authorities (any - American, German, Russian, Chinese) instantly deprive individuals and organizations of access to their money.

The days when accounts could only be blocked by court order are long gone. On September 11, 2001, the ruling elites came up with an armor-piercing pretext for expropriation - suspicion of direct or indirect participation in terrorist activities.

On the periphery of the planet, this bugbear has been creatively expanded, so over the years money has been taken away for calls for a change of state system, for insulting the feelings of believers and non-believers, for causing moral suffering.

Today, at the instigation of the Canadian authorities, we have come to the point where it is permissible to take away one's livelihood simply for publicly defending an opinion-it is enough for the ruling elite to believe that it is "wrong.

Translated with www.DeepL.com/Translator (free version)

 

[Emily]

https://www.trucknews.com/business-m...ns/1003156380/
Schneider to shutter Canadian operations

by Today's Trucking
January 14, 2022

Schneider Transport has put its Guelph, Ont., property for sale and informed associates it is closing its Canada-based operations.

“Today, Jan. 14, 2022, we are announcing a change in the company’s approach to Canadian-based operations,” the company told Trucknews.com in a written statement, responding to questions about its Canadian operations.
“Despite the dedication and best efforts over many years, Canadian-based operations do not fit within Schneider’s long-term strategic focus. This decision was difficult. The change will affect all 150 Canadian-based associates and drivers. We are working with associates during the transition. Company trucks and equipment will transfer to our U.S.-based network to continue to serve our customers and as we proceed with the sale of the Guelph, Ont., property. We expect Schneider will no longer have Canadian-based operations by the end of March. We have notified all our Canadian associates and will remain in regular communication with them over the coming months.”..


https://www.transportationnation.com/schneider-refutes-speculation-about-why-its-leaving-canada/
Schneider Refutes Speculation About Why It’s Leaving Canada
January 15, 2022

Green Bay, WI — One of North America’s largest carriers will soon end all operations in Canada and many within the trucking community are speculating as to why.

Transportation Nation Network (TNN) reported on Friday that Green Bay, WI-based Schneider National, Inc. is pulling the plug on Canadian operations...

 

[sharon sanders]

bump this