Did you know that among the ten provinces, Newfoundland and Labrador has the highest percentage of rural communities without banking services? It's actually a situation that is getting worse across the country, as the big banks shut down more and more rural branches.
That very inconvenient problem could be solved by giving Canada Post banking status. It's not a new idea. There has been a cross country push for postal banking for almost two decades - a push that is, not surprisingly opposed by the banking sector.
Our partner group, the Avalon Chapter of the Council of Canadians has made a short eight minute YouTube video exploring the reasons why rural Canadians both need and deserve postal banking. It asks the question: Why does the federal government consistently refuse to address the problem?
We bet you can guess the answer.
You can check out the video here.
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