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Posted March 28, 2022
A new report from ACORN Canada has found the pandemic forced a lot of families to take a high-cost loan specifically because of the pandemic.
ACORN reported that 440 people took their survey, and 113 respondents reported they had to resort to pay day lenders and pay high interest rates to access the money.
Posted March 17, 2022
Posted March 3, 2022
“All I did was cry,” says Kathleen Miller-Zane. She’s retelling the story of realizing her loan from easyfinancial was more than she bargained for. After thumbing through her contract, she found out her initial $5,000 loan would eventually cost her $3,500 in interest – $8,500 in all. “Here I am crying away,” she says. “I can’t believe I’m so stupid. What did I do?”
Posted February 2, 2022
The pandemic laid bare many inequities. One issue that came to the fore was that we need the internet like never before. Every individual was forced to get on to the World Wide Web for anything and everything.
Posted January 21, 2022
The pandemic laid bare many inequities. One issue that came to the fore was that we need the internet like never before. Every individual was forced to get on to the World Wide Web for anything and everything.
Posted January 14, 2022
Posted on December 15, 2021
Posted December 15, 2021
Christmas is coming early for Canada’s bankers.
The six largest banks hit record-breaking profits in 2021 and will pay out massive bonuses at the year’s end, newly released fourth quarter earnings reports show. On the strength of a combined $57.4 billion in profits, the Big Six are paying out $18.8 billion in bonuses before the holidays.
Posted on December 8, 2021
Posted December 6, 2021
Christmas is coming early for Canada’s bankers.