Campaigning for re-election, Liberal Leader Justin Trudeau said he’d hike taxes three percentage points on bank and insurance-company profits over $1 billion and make them pay a temporary “dividend” out of pandemic-era income. The NDP’s Jagmeet Singh said he’d cap prices on cellphone and internet services and start a Crown corporation to compete with Bell, Rogers and Telus. (The Logic)

Talking point: All three major-party leaders are making populist pitches, promising to make essentials more affordable and to stick up for regular people against large corporations. It’s easy to see the appeal: Scotiabank, for instance, reported a $2.54-billion profit in the second quarter, and major telcos made hundreds of millions from cable, internet and cellphone services. The Liberals said banks have benefited from pandemic-era government support and owe some payback; the NDP said telcos are “gouging” for essential services.