Canada’s banks are pledging to open wherever possible amid the massive power outage in Ontario.
RBC Financial Group says that it plans to be open for business and operate as normal today. “As many clients view financial services as an essential service, particularly access to cash, we plan to operate as usual wherever there is electricity,” said Gay Mitchell, RBC Royal Bank’s executive vice-president for Ontario.
CIBC said that most of its branches in the greater Toronto area, Kitchener, Waterloo, Guelph, Cambridge and Ottawa will not be opening for business today. Branches in other areas of the province will be operational wherever possible. Automated banking machines are working in locations throughout the province where electricity has been restored. CIBC on-line banking is fully operational. And, it is “business as usual” for the trading floors, which are operating in both Toronto and New York.
TD Bank Financial Group also confirmed that TD Canada Trust branches that have power and can be accessed safely by both employees and customers will be open for business. ” In areas in Ontario where the power has been restored and customers and employees can safely access the location, the branch will make every effort to be open for business,” said TD Canada Trust president Andrea Rosen. All of the banking systems including trading operations and TD Waterhouse call centres are operating, too.
The Toronto Stock Exchange has been operating as usual, Steve Kee, director media relations, said. Kee added that the exchange is operating on normal power, and that it has a recharged backup ready to go if there are further disruptions. “We’ll get through the day,” he said.
Ontario banks open wherever possible
- By: IE Staff
- August 15, 2003 August 15, 2003
- 10:20