It's time for those Canadians that are savers to start pulling their money out of Canadian banks. If the banks are not going to reward us for our savings which they use to generate their wealth, than they should not be given what is basically free money.
There is no economic emergency so it is ludicrous that interest rates are at such low levels. Take a look at what Australians are earning on their savings in the link below. Here in Canada, we should be earning the same. This is utter garbage that our BOC is giving our money away to the banks of this country. As I stated, it is really time to start pulling our money out as a nationwide protest. We should pick one bank and as a collective group park our savings in that one bank and than make the other banks compete for our money.
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