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Rebel News says bank denied it mortgage over political views

Royal Bank of Canada

Ezra Levant of Canada’s conservative media outlet Rebel News believes the bank’s ties to Canadian Prime Minister Justin Trudeau are to blame, calling the arrangement a ‘political quid pro quo’

Ezra Levant of Canada’s conservative media outlet Rebel News said the Royal Bank of Canada denied him a commercial mortgage for a new office over his website’s politics.

Levant told “Tucker Carlson Tonight” on Thursday that his mortgage application was ‘financially sound,’ but was ultimately denied by the same bank he had personally used for decades.

Upon inquiring further, Levant said a ‘whistleblower’ at the bank told him the head office denied his application, despite his local banker advocating on his behalf.

I only caught this because this banker at the local branch really wanted to give me the mortgage, Levant said. He said he was fighting against the head office.

Levant released a recording from a conversation he allegedly had with the bank employee in Calgary, Alberta, who can be heard explaining to him that Canada’s largest bank, which also boasts more than 35 branches in the United States, wanted to avoid dealing with media outlets of his kind.

He said it was our opinion because Rebel News, the site that I run, has conservative opinions and the Royal Bank, they do a lot of business with communist China, Levant said. I wonder if they brought that social credit approach that they have to use in China to Canada.

Levant believes the bank’s ties to Canadian Prime Minister Justin Trudeau are to blame, calling the arrangement a ‘political quid pro quo.’

There is a revolving door between Justin Trudeau’s liberals and the Royal Bank, he said. Trudeau’s first ambassador to China was a senior RBC executive. Trudeau just appointed another RBC executive to the Senate, so I think it’s a political ‘I scratch your bank, you scratch mine.’ Rebel News is hated by Justin Trudeau. Trudeau has made that clear.

He said: It would not surprise me if the bank was doing him a favour considering how many favours he does them. Canadian banks received enormous bailouts over the years. They get more privileges even more than U.S. banks get, and I think this is a political quid pro quo.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.