Originally posted by InTheLight
The RBC had a record profit of $7.5 billion last year. RECORD PROFIT!!!
I am disgusted by this greed and the inappropriate use of a program for even more gains.
Originally posted by Reaper62
reply to post by aboutface
I'd love to see a bank manager actually come out and puch all his customers in the face as a metephor for this. that would make my week
First they came for the communists, and I didn't speak out because I wasn't a communist. Then they came for the socialists, and I didn't speak out because I wasn't a socialist. Then they came for the trade unionists, and I didn't speak out because I wasn't a trade unionist. Then they came for me, and there was no one left to speak for me.
Originally posted by Unity_99
Originally posted by curlygirl
reply to post by aboutface
What surprises me more is your reaction. Outsourcing isn't new. I'm in IT and this has been going on globally for at least a dozen years. You're just lucky it didn't happen sooner in your region.
Canadian laws are specific on this, and there is no loop hole, to have temporary low pay foreign employees come in to replace Canadian jobs is illegal.
However, a Toronto immigration lawyer says there is no loophole in any visa category that allows companies to displace Canadians who are able to do the work.
“It should not happen,” Mario Bellisimo told Go Public. “The overarching legal standard is to supplement and to fill labour shortages or to bring job creation and retention, knowledge transfer to Canada, not the opposite."
What I'm concerned about is this:
Harper put some kind of clause in the new budget that allows them to use lilabilities (ie deposits), ie to steal deposits to recover from serious trouble for banks.
They now have an abuse of hiring temps for the wrong reasons, and in obvious breach of the Law, and leak the story.
All over twitter and facebook there are requests that others close out their accounts and transfer it over to another.
This Bank is the one that is official with our government.
The Bank of Canada (French: Banque du Canada) is Canada's central bank. The bank was founded by the Bank of Canada Act on July 3, 1934, as a privately owned corporation. In 1938, the bank became a Crown corporation, belonging to the monarch in right of Canada. The Minister of Finance holds the entire share capital issued by the bank. "Ultimately, the Bank is owned by the Minister of Finance on behalf of Her Majesty in right of Canada."
The role of the bank is to "promote the economic and financial well-being of Canada.Text" The responsibilities of the bank are: monetary policy; sole issuing authority of Canadian banknotes; the promotion of a safe, sound financial system within Canada; and funds management and central banking services "for the federal government, the Bank and other clients."
I see something very dangerous going on. Are they planning on stealing the Canadian deposits and bascially nearly bankrupting our country?
I would like to see a complete criminal investigation going on as this would be highly illegal if planned in advance.
edit on 7-4-2013 by Unity_99 because: (no reason given)
After reports surfaced that the Royal Bank of Canada is replacing Canadian employees with foreign workers, one expert says the blame lies with the government's temporary foreign worker program, not the bank.
"I testified to the House standing committee on this point and I recommended there be a 15% premium on wages to foreigners, because that's the incentive to hire local," he said. "But, they did the reverse."