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Deprivatization of Interac

Policy Area

Priority Level

Last Updated

Banking

Short-Term

January 23, 2024

The Policy

The RPC will legislate the deprivatization of Interac to ensure Canadians have the ability to move their money freely without private taxation by the "Big 5" banking oligopoly[1].

The Research

Sources:

  1. https://en.wikipedia.org/wiki/Big_Five_banks_of_Canada

Our Broader Stance on:

Fast, reliable, and easy transactability powers modern commerce, allowing businesses to adapt quickly to rapidly-changing market and economic conditions. To ensure the banking sector doesn't limit the Canadian economy's ability to compete globally, we must ensure our banking system continues to be at the forefront.

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