‘One more nail in the coffin’ says Canwood Mayor on bank closures
When Canwood Mayor Robert Thompson heard the CIBC location in his village was shutting down, he saw it as just “one more nail in the coffin” and asked, “what’s next?”
“It is probably about three or four jobs but anytime you lose jobs in a small community it is not a good,” he said. “The chance of replacing [a business] is next to zero.”
The banking centre will close Aug. 10 and merge some operations with Prince Albert locations.
He said the bank serves an area much greater than Canwood, which isn’t always recognized. With an ageing population where not everybody drives, news like this can be “a little disturbing.”