Pierre Poilievre Says He Is Absolutely Against Central Bank Digital Currency (CBDC)

Written By Wyatt Claypool, Posted on April 16, 2022

At a recent packed campaign rally in Calgary for Conservative Party leadership candidate Pierre Poilievre, The National Telegraph was in attendance to ask Poilievre about his stance on the use of Central Bank Digital Currency (CBDC), in light of the Liberals researching the implementation of digital currency in Canada.

We stuck around after the event to ask Poilievre what he thought about CBDCs, and he was very upfront with his stance on the issue and his plans to potentially ban their use by future federal administrations.

(Sorry about the background noise the event space was quite loud)

Pierre told us that he is against CBDCs and when asked about banning them he stated that:

I’m open to it (banning CBDCs), I haven’t decided whether legislation is the right tool. To have it happen you need the approval of the Finance Minister. The Finance Minister literally owns the Central Bank, and so it comes down to the Finance Minister who works for the Prime Minister, so I have to figure out whether legislation is appropriate or necessary.

Although this portion of the discussion was not recorded (there were time limits for getting videos taken) we asked Poilievre whether or not he would consider pushing for an amendment to Canada’s constitution in order to declare Canada’s monetary system “cash-based” and he said that could be an option.

Overall, it was good to see a leadership candidate already willing to speak out against the use of CBDCs, and thinking seriously about how to practically ban their use going forward. There does seem to be a potential issue with looking at how to ban CBDCs since it may be more of a constitutional issue rather than a legislative issue since control over Canada’s Central Bank falls under the executive powers of the Finance Minister, and by extension the Prime Minister.


The National Telegraph has been recently speaking more about the threat of Central Bank Digital Currency to Canadians since we discovered the Liberals allotting $17.7 million to researching the use of CBDCs in Canada. 

Along with raising awareness about the dangers of CBDCs to Canadians’ financial security, we are also focused on getting politicians to state their opposition to CBDCs and hold them to their word on that opposition in the future.

If any other leadership candidate or Member of Parliament speaks out against CBDCs we will be sure to hold them to their word, and also criticize those who seek to implement a CBDC in Canada.

Wyatt Claypool

Wyatt is a student at Mount Royal University, where he is the president of its Campus Conservative club. In his writing, he focuses on covering provincial and federal politics, firearms regulation, and the energy sector. Wyatt has also previously written for The Post Millennial.

6 responses to “Pierre Poilievre Says He Is Absolutely Against Central Bank Digital Currency (CBDC)”

  1. Gloria Yargeau says:

    As I’ve watched potential leaders come and go in Canada I’ve realized once there is a implication of never being able to reverse something as serious as what’s coming. If your going to make a stand Canada now is the time. Three years down the road is to late to plead ignorance of what could have been.

  2. Fred says:

    I thought he recently came out in favour of crypto-currency?

    • Yolanda Larabee says:

      Crypto currency is not regulated by our governments. The digital currency from our governments is what he’s talking about here. He knows the prime minister wants to remove cash and have it become digital. He wants us to have an alternative that’s not regulated

  3. Rainingtobeathell says:

    The established cryptocurrency is independent of any controls or "system" which is what they are seeking to create – just like fiat – they want something they can use to control you and what you do with your money in case you are interested in conforming. Just turn off your money. They can’t do that to bitcoin – they tried and got their sad letter from the currency administrations. Controlling or monitoring the real cryptocurrencies cannot be done.

  4. AlbertaMama says:

    The Bank of Canada is, right now, working with MIT to create a Digital Currency for Canada. https://www.bankofcanada.ca/2022/03/central-bank-digital-currency-collaboration/ It will be ready by the end of this year. Trudeau will implement it immediately as a means of controlling Canadians’ money which he believes belongs to him. He proved that by freezing bank accounts and ordering the RCMP to use their horses to trample anyone who disagreed with him. Following the implementation of Digital Currency, Trudeau will claim ownership of our homes. With no Property Rights, Canadians will have no recourse. There aren’t many ways to stop politicians who have globalists’ backing to cheat in elections. I don’t think Mr. Poilievre, as brilliant and talented as he is, can stop any of this. Crypto currency is something most people don’t understand and won’t be able to use for that reason.

  5. will says:

    Conservatives act conservatively during campaign season. They’ll change their tune once elected. Politicians are the lowest life form on this realm. #ForkTongued