http://news.ca.msn.com/top-stories/cbc-article.aspx?cp-documentid=24079680 A global bank tax is unnecessary and will be ineffective. How will this curb risk if banks know they will be bailed out if they fail? Do we really want ANOTHER tax? Clearly, the cost will be passed on to the average Joe. Canada does not have much support in the G7, but hopefully will find some allies in the G20. In any case, the world cannot implement a global tax if Canada does not participate.