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In the News

Last modified: 11 August 2010

Below you'll find a selection of recent media coverage of the CBA and our industry. All articles appear in the language in which they were published.

To read media releases issued by the CBA, please see News Releases.

2010
July 2010 Sault Star: "CBA Letter to the editor in response to 'Chip payoff hasn’t come; Credit-card security hike should have yielded interest-rate decrease: Group'"  

In a letter to the editor, published in the Sault Star, Belleville Intelligencer, Barrie Examiner Brockville Recorder & Times, Calgary Sun, Edmonton Sun, Kingston Whig-Standard, and Peterborough Examiner, the CBA’s Vice-President of Operations, Nancy Fung, refutes claims that credit card fraud has been ‘almost eliminated’ and highlights the wide range of factors that contribute to the cost of running a convenient, safe and efficient credit card system.  

June 2010 Toronto Star: "CBA Letter to the editor"  

A letter to set the record straight about the highly regulated banking industry and the important contributions that banks make to Canada.

June 2010 Mint: "Banking lessons from Canada"

An article appearing in Mint, one of India's premier business newspapers, examines the lessons that can be learned from the Canadian banking system, which largely avoided the global financial crisis.

May 2010 Vancouver Sun: "CBA Letter to the editor"  

In this letter to the Vancouver Sun, President Nancy Hughes Anthony explains why bank bailouts in Canada re pure fiction.

May 2010 National Post: "CBA Letter to the editor in response to 'National Regulation: A Federal Travesty'" 

A letter in response to a critical opinion editorial regarding the proposed national securities regulator.

May 2010 The Western Producer: "Banks enthusiastic about next generation of farmers" 

An article in the Western Producer looks at how banks are adapting to meet changing needs of Canada's agriculture industry.

May 2010 St. John's Telegram: "CBA letter to the editor in response to 'Helping the banks not the way to go'" 

A letter to the St. John's Telegram explaining the banking industry’s recommendations to improve the retirement savings system in Canada.

May 2010 Globe And Mail: "Say no to a global bank tax"  

In a letter to the Globe and Mail, CBA President and CEO, Nancy Hughes Anthony, explains why a global bank tax is not a suitable substitute for effective bank regulation.

April 2010 National Post: "Banks look at a firm's risk, not its size"  

In an op-ed printed in the National Post, Nancy Hughes Anthony, President and CEO of the Canadian Bankers Association, highlights the financing and services that banks provide to small- and medium-sized enterprises across the country.

February 2010 Toronto Star: "CBA Letter to the Editor regarding 'Banking reforms not for Canada?'"  

In response to an editorial which appeared in the Toronto Star, Nancy Hughes Anthony, President and CEO of the Canadian Bankers Association, highlights the strengths of the Canadian banking system and explains why banking reforms being considered in the U.S. are not needed here in Canada.

February 2010 Metro Montreal: "À la rédaction – Au sujet de l’article 'Banques à charges'"  

In response to a column which appeared in Metro Montreal, Jacques Hebert, Directeur, Direction du Québec, Association des banquiers canadiens, refutes claims of taxpayer funded bank bailouts in Canada and highlights banks' contributions to the economy. (available in French only)

2009
September 2009 National Post: "Canadian banks remain strong" 

In a letter to the National Post, CBA president and CEO, Nancy Hughes Anthony, refutes false claims made about Canada's banking system and points out that banks in Canada have remained profitable and stable throughout the global economic recession, which has served the country well. 

August 2009 Winnipeg Free Press: "Well-regulated, well-managed Canadian banks overshadow freewheeling U.S colleagues" 

An article form the Winnipeg Free Press explains that while banks outside Canada continue to struggle, Canada's banks are well positioned to take advantage of the mess that has been left behind.

August 2009 The Belleville Intelligencer: "Consumers have plenty of choice on banking fees" 

In a letter to the editor, the CBA explains the rationale behind bank fees and how their proceeds are used to pay taxes and support a network of more than 6,000 branches and over 17,000 ATMs across Canada.

May 2009 Trends-Tendances: "L'Heure de gloire des banquiers canadiens"  

Sébastien Buron takes a closer look at the contributing factors which made the Canadian banking system one of the most solid and one of the most admired internationally at the moment. (available in French only) 

May 2009 National Post: "Canada's moment"

Colby Cosh examines if the “principles-based” approach to financial regulation that has helped Canadian banks weather the global financial crisis, could be adopted in the United States, given the innate cultural differences between the two countries. 

May 2009 Le Figaro: "Le secteur bancaire canadien se vante d'être l'un des plus solides au monde" 

Special correspondent, Anne Cheyvialle, examines how the Canadian banking industry has resisted the worldwide economic crisis and is now considered one of the most stable by the World Economic Forum, thanks to prudent management and very strict regulation.(available in French only)

May 2009 Wall Street Journal: "Regulation Didn't Save Canada's Banks"

Senior fellow at the Hudson Institute, Marie -Josée Kravis, compares the Canadian and US financial systems and highlights the strengths of the Canada’s system.

April 2009 LCI (France): "Canada’s sound financial system"

An economic affairs program on LCI, France’s all news network, looks at the Canadian financial system and examines the different factors which have helped Canada’s banks avoid some of the serious challenges facing financial institutions in other countries. (available in French only)

April 2009 CBC News: "Pandora's Box of credit card fee issues has been opened"

In his Money Talks business column, Michael Hlinka points out  that short-sighted regulation of the credit card industry could lead to unforeseen, negative consequences for consumers.

April 2009 Brookings Institute: "Know Thy Neighbor: What Canada Can Tell Us About Financial Regulation"

In an online article, the Brookings Institute argues that policy-makers in the Obama administration could look to the Canadian banking system as a model of best practices as they begin to design a new regulatory architecture for the American financial system.

April 2009 CBS News: "Canadian Banks, Eh?"

In a video segment from CBS News’ Weekend Journal, Jeff Glor examines the successful Canadian banking industry, which has prospered despite an ongoing worldwide economic crisis.

April 2009 Cape Breton Post: "Federal purchase of mortgages not a taxpayer bailout" 

In a letter to the editor, CBA President and CEO, Nancy Hughes Anthony, responds to inaccuracies of an earlier letter which he wrongly asserts that Canadian banks have received a government bailout.

March 2009 Vancouver Sun: "Canada's strong banking sector helps weather the storm"  

In an opinion editorial appearing in the Vancouver Sun, Nancy Hughes Anthony, President and CEO of the Canadian Bankers Association, highlights the central role Canadian banks play in the country's economy and explains how our sound banking system sets a strong example for banks around the world.  

March 2009 Ottawa Citizen: "Banks helping to cope with recession"  

In a letter to the editor, CBA President and CEO, Nancy Hughes Anthony, responds to inaccuracies of an earlier letter submitted by Duff Conacher, in which he wrongly asserts that Canadian banks have received government subsidies.

February 2009 New York Times: "The Great Solvent North"

A guest column by Theresa Tedesco highlights how Canada’s “stodgy” banking practices have helped make the country’s banks and its financial system the envy of the world.

February 2009 Globe and Mail: "Banking on banks"  

In a letter to the editor of the Globe and Mail, CBA president and CEO, Nancy Hughes Anthony, defends the role of banks as lenders and cites Bank of Canada data showing that banks have increased credit to businesses.

February 2009 Newsweek: "Worthwhile Canadian Initiative"

CNN host and Newsweek Editor, Fareed Zakaria examines how, in the midst of a global financial meltdown, Canadian banks remain well capitalized and poised to take advantage of opportunities that American and European banks cannot seize.

January 2009 Toronto Star: "Lending on the increase, bankers association says"  

In a letter to the editor CBA President Nancy Hughes Anthony responds to a Toronto Star article and explains that bank lending has increased year over year and that banks are continuing to lend. 

2008
November 2008 Financial Times: "Canada's 'boring' financial tips for the world"

An op-ed by the Honourable Jim Flaherty, Minister of Finance, appeared in London’s Financial Times and was re-printed in the National Post. In the piece, Minister Flaherty highlights Canada’s strong financial system and outlines Canada’s five-point plan to restore stability to the international financial system.

October 2008 Washington Post: "Worldwide Financial Crisis Largely Bypasses Canada"

The Washington Post examines how tighter regulations and stricter lending practices have helped Canadian banks avoid the sub-prime mortgage crisis that has caused so much damage to the American banking system.

August 2008 "Banks are in favour of national Do Not Call list" 

The CBA’s letter was published in the Vancouver Sun, Toronto Star, and Regina Leader-Post.

July 2008 National Post: "Create One Regulator, Bankers Say" 

CBA President Nancy Hughes Anthony was interviewed about the CBA's recommendation to establish a single securities regulator for Canada. The article, by Barbara Shecter, was published in the National Post.

June 2008 Lettre de l’ABC au rédacteur en chef, sur les banques et la fiscalité touchant les filiales étrangères. 

Lettre en réponse à un article portant sur une étude menée par l'Université du Québec à Montréal sur les banques canadiennes et la fiscalité. La lettre de l'ABC a été publiée dans Le Soleil.

April 2008 The Hill Times: "Passage of Identity Theft Legislation an Important Consumer Protection Issue," by Nancy Hughes Anthony, CBA President  

This opinion editorial about Bill C-27, an Act to amend the Criminal Code to recognize identity theft as a crime in Canada, was published in The Hill Times. Reprinted with permission.

April 2008 "CBA Letter to the Editor on the safety and security of online banking," by Nancy Hughes Anthony 

A letter in response to an article that appeared in several papers across the country about online banking and the security guarantees that most banks have in place. The letter has been published in the Winnipeg Free Press, Vancouver Sun, Edmonton Journal and Nanaimo Daily News.

March 2008 Vancouver Sun: "Bank bashing as unfair a sport as it is popular"  

A column by Vancouver Sun editorial page editor Fazil Mihlar.

March 2008 National Post: "Banks have been good to SMEs," by Nancy Hughes Anthony 

A letter in response to an article about the banks' provision of financing and other services to small and medium- sized businesses (SMEs) published in the National Post.

March 2008 Toronto Sun: "CBA Letter to the Editor regarding interest rates on credit cards," by Nancy Hughes Anthony 

A letter in response to an article about the impact of recent interest rate cuts on consumers published in the Toronto Sun.

February 2008 National Post: "Will OSC Kill Regulatory Overkill?" by Terence Corcoran 

A column about new proposed regulations (Canadian Securities Administrators National Instrument 31-103) regarding registration requirements under Canadian securities law.

January 2008 Investment Executive: "Banks, credit unions put women in top spots," by Rudy Mezzetta

CBA President Nancy Hughes Anthony was interviewed for this story on employment of women in the banking industry.

January 2008 "CBA Letter to the Editor regarding competition in the financial services sector," by Nancy Hughes Anthony  

A letter in response to recent coverage in the National Post about large bank mergers and competition in the sector.

2007
September 2007 Globe and Mail: "Time to stop talking and create a single regulator" 

An opinion editorial by CBA President Nancy Hughes Anthony, published in The Globe and Mail.