Canadian Bankers Association

Canadian Bankers Association

March 25, 2010 18:31 ET

Canadian Bankers Association Responds to Ontario Budget

TORONTO, ONTARIO--(Marketwire - March 25, 2010) - The Canadian Bankers Association (CBA) welcomes the acknowledgement in today's Ontario budget of the key role of the banking sector in the long term economic growth of the province. As noted in the budget, Ontario's financial services sector is a world leader that provides thousands of jobs and drives significant economic activity.

In addition, the CBA commends the government's continued commitment of moving to a competitive tax structure for businesses and individuals.

"We believe that creating and sustaining a competitive tax advantage is a key factor in strengthening the provincial economy and building long term prosperity," said Nancy Hughes Anthony, President and Chief Executive Officer, Canadian Bankers Association. "We applaud the government's continued commitment to ensuring that its tax system is a source of economic growth and job creation."

The Canadian Bankers Association works on behalf of 51 domestic banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their 263,400 employees. The CBA advocates for effective public policies that contribute to a sound, successful banking system that benefits Canadians and Canada's economy. The Association also promotes financial literacy to help Canadians make informed financial decisions. www.cba.ca.

Contact Information

  • Canadian Bankers Association
    Andrew Addison
    (416) 362-6093, ext. 220 or Cell: (416) 587-7733
    aaddison@cba.ca