Ontario Federation of Labour

Ontario Federation of Labour

November 24, 2011 11:04 ET

TSX and Bank of Montreal Focus of Bay Street Noon Demonstration

TORONTO, ONTARIO--(Marketwire - Nov. 24, 2011) - Hundreds of workers will march on Bay Street at Noon today to condemn the greed of Canada's financial sector and the impunity with which it has accumulated wealth at the expense of 99% of the population. Joining the protest will be participants from Occupy Ottawa, London, Kingston and Toronto.

The union members are taking part in the OFL's five-day convention at the Sheraton Centre Hotel.

Speaker after speaker has condemned the utter lunacy of federal and Ontario government policies that allocate even more of the public's money to the corporate sector; meanwhile, public services are being starved and average people, union and non-union, are experiencing the deep pain of economic and social injustice.

The banks and financiers don't make this economy move, we do," said OFL President Sid Ryan. "Hedge funds don't produce a single thing. And the right-wing politicians, bought and paid for by the corporate interests, are not the economic engine of this country, we are. We make real things and provide real services. They've stolen our money and we want it back."

The Toronto Stock Exchange is the third largest exchange in North America and is one of today's stops. The Bank of Montreal will also come in for special attention for its role in supporting Infinity Rubber whose current management led its predecessor company into bankruptcy, leaving millions in unpaid bills. Infinity Rubber provoked a strike when management demanded workers accept a 25% cut in wages and a 50% cut in benefits. Members of USW Local 526L have walked the picket line every day in what has become one of the longest strikes in Toronto history.

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Contact Information

  • Ontario Federation of Labour
    Sid Ryan
    President
    416-209-0066

    Ontario Federation of Labour
    Lynn Simmons
    Communications
    416-668-7480

    Ontario Federation of Labour
    Joel Duff
    Communications Director
    416-707-0349