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By David Ljunggren and Nichola Saminather OTTAWA (Reuters) -Canada s ruling Liberal Party said on Wednesday that if re-elected it would raise corporate taxes on the most profitable banks and insurers to help pay for the cost of the COVID-19 recovery. The Liberals said they would hike the rate to 18% from 15% on all earnings over C$1 billion ($793 million) and vowed to establish a special dividend, so that those same institutions contribute more. The measures are expected to generate C$2.5 billion per year over four years, starting in 2022/23. Polls show the Liberals, led by Prime Minister Justin Trudeau, have a slender lead over their Conservative rivals ahead of the Sept. 20 election. Given that our banks have posted extraordinarily large profits, have continued to be incredibly successful, including through a pandemic . we re going to ask them to do a little bit more, Trudeau told a campaign event in British Columbia on the same day that two banks reported big profits. British Columb

United statesUnited kingdomJustin trudeauDavid ljunggrenNova scotia scotiabankJulie gordonNichola saminatherMaria khourySandra malerCanadian bankers associationToronto dominion bankCanadian imperial bankSun life financialManulife financialRoyal bankLiberal party