Financial Literacy and Justice

Posted April 8, 2022

“After a devastating recession….our economy has not just recovered. It is booming” - said the Finance Minister while delivering the Budget Speech 2022.

Posted April 1, 2022

Posted April 1, 2022

Sometimes, requests made of governments seem so eminently reasonable that it’s amazing they need be repeated over and over again.

Posted March 29, 2022

Among the cruelties left in the pandemic’s wake — it lurks and may pounce again — lingering ill-health and punishing debt are at the top. Imagine having to deal with both long COVID and the payday loan you took out that charges interest between 30 and 60 per cent.

This is Canada, not Appalachia. How is this legal? It’s not a loan as we know it; it’s more like extortion.

Posted March 29, 2022

A new report highlights the impact that high-cost loans had on low-income borrowers during the pandemic, pointing to examples of people falling into “vicious cycles of debt” as they struggled to cover the escalating cost of bills.

Posted March 29, 2022

The pandemic’s disproportionate financial impact on low- and moderate-income Canadians have catalyzed a disturbing new trend of high-cost loan usage, according to a new report.

Posted March 29, 2022

Sometimes, requests made of governments seem so eminently reasonable that it’s amazing they need be repeated over and over again.

Posted December 16, 2021

A group which advocates for low-to-moderate income earners wants Ottawa to act on what it calls the criminal interest rate of predatory loans.

ACORN New Brunswick spokesperson Peter Jongeneelen says if you can’t get a loan from a bank you must resort to other lenders with staggering interest rates.

Posted December 16, 2021

When money is tight at the end of the month, Liz Scott is forced to make some difficult decisions.

But Scott, who relies on Ontario Disability Support Program payments, avoids the temptation of high-interest loans at all cost.