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Laurentian University’s collapse shows federal government must protect public institutions from private-sector restructuring
Monday, September 13th, 2021
… the interests of big banks, whose profits have soared during the pandemic, have been put squarely ahead of the university’s students, faculty and staff. Royal Bank, TD Canada Trust and the Bank of Montreal are extracting upwards of $100 million in debt repayments from Laurentian, leaving only scraps for the workers terminated without severance. The CCAA forces the most vulnerable to wait at the back of the line. This is a warning to anyone who values Canada’s public institutions.
Tags: budget, ideology, privatization
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