While the COVID-19 crisis has forced millions of Canadians to miss out on work and wages, the federal government’s announced supports are not in Canadians hands and do not cover all Canadians through this crisis. Many are being forced to turn to credit cards in order to pay their bills and put food on the table for their families. To help prevent Canadians from falling even deeper in debt, we are calling on the federal government to put the needs of Canadian people ahead of credit card company profits. The federal government needs to use its powers to ensure that banks and lending institutions waive interest costs. The government must make sure that Canadians’ credit ratings aren’t hurt by this pandemic.
PETITION TO THE GOVERNMENT OF CANADA: Waive interest fee charges on credit cards for Canadians during COVID-19
We, the undersigned, residents of Canada, call on the GOvernment of Canada to the following:
WHEREAS, the COVID-19 crisis has forced millions of Canadians to miss out on work and wages;
WHEREAS, the federal government’s announced supports are still not targeted at ALL Canadians and for those who will get access these benefits are still not reaching them;
WHEREAS, the federal government needs to help prevent Canadians from falling deeper into debt;
WHEREAS, the federal government needs to put the needs of the Canadian people ahead of credit company profits;
WHEREAS, Canadians should not have to take on high interest debt while they’re waiting for government support;
THEREFORE, be it resolved that we call upon the Government of Canada to use its powers to ensure that banks and lending institutions waive interest charges on credit cards for at least two payment cycles, but as long as this crisis keeps Canadians out of work, while protecting individual Canadians’ credit ratings.