![]() On Monday, Canada's big banks will be in the spotlight as they testify before the House of Commons finance committee, which has been holding hearings into their practices. Others, however, argue that lobbying allows those with deeper pockets to influence government decisions. Some argue that lobbying is part of how Ottawa works and it is important for government officials to meet with industry representatives. Lobbying is not illegal and those who do significant amounts of lobbying are required to file communication reports with the lobbying commissioner who then puts them online for the public to consult. While communication reports filed by Canada's six biggest banks are up 52 per cent, the number of reports filed by the CBA are up 74 per cent. In all, 410 communication reports have been filed since the election by the six largest banks or the CBA, compared with 256 during the previous 18 months. Document forgery in financial industry more common than you'd think, past employees say.Former staff to blow whistle to MPs about bank practices.Federal watchdog investigating sales practices at Canada's banks, MPs hear. ![]() ![]() Drive to hit sales goals sees bank employees put customer's finances at risk, committee hears.Communication reports to the lobbying commissioner's office, which often list more than one person contacted, are up 60 per cent over the previous 18-month period during Prime Minister Stephen Harper's government. The data shows that lobbying by Canada's big banks has also risen sharply since Prime Minister Justin Trudeau's government was sworn into office on Nov. On average, that works out to eight contacts every week between the banking industry and federal government officials. Watch live: Finance committee hears from officials from Canada's big banksĬanada's big banks and the association that represents them have lobbied government officials hundreds of times since the last election – including the watchdogs charged with policing them and members of the parliamentary committee now examining their practices.Īn analysis by CBC News of reports filed with the Commissioner of Lobbying's office found that there have been 581 individual contacts between top government officials and representatives of the banks or the Canadian Bankers Association (CBA). ![]()
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