Press Hits

New regulations that will cap non-sufficient funds (NSF) fees at $10 will save Canadians $4.1 billion over the next decade, according to the federal government.
Effective Thursday, Canadian banks won’t be allowed to charge more than $10 when someone doesn’t have enough money to cover a pre-authorized payment or cheque.
Right now, banks are allowed to charge up to $48 for an NSF fee. Banks will also no longer be able to charge more than one NSF fee within two business days, and they cannot charge an NSF fee if an account is short by less than $10.

London city council has allowed the construction of a 30-storey high rise rental building in a downtown neighbourhood, drawing scrutiny from area residents and a tenant advocacy group.

During Tuesday’s council meeting, politicians voted 11-4 to approve York Developments’ request to build the high rise at 550 Ridout St. N. and 82-90 Kent Street — a property that currently houses a significantly smaller building with 30 affordable units and three rental homes.

N.B. Power is about to make its case for raising rates, but the number of New Brunswickers struggling to pay their power bills is already high, advocates for low-income residents warn.

The utility has applied for a 4.75 per cent rate increase for the 2026-2027 fiscal year, and hearings begin Monday before the Energy and Utilities Board.

The Human Development Council has released a report that found New Brunswick has the second-highest rates of energy poverty in the country in 2025.

A key finding of the report was that electricity costs increased 21 per cent between 2021 and 2025, “outstripping income growth,” the report said.

A 30-storey apartment building is coming to a neighbourhood just north of London’s downtown core after a divisive debate Tuesday at city council.

The plan by York Developments replace an existing 30-unit rental building and two houses with a 286-unit tower at the corner of Ridout and Kent streets. It passed in council by an 11 to 4 vote.

Non-sufficient fund (NSF) fees are about to drop for Canadians.

Starting March 12, banks will have a $10 cap on NSF fees they can charge when there isn’t enough money in a bank account to cover a withdrawal. The $10 cap doesn’t apply to corporate or business accounts.

NSF fees typically range from $45 to $48, and usually occur when a cheque or pre-authorized debit can’t be covered and the consumer doesn’t have overdraft protection.

A New Brunswick tenant is calling for tighter rules around the use of fixed-term tenancy leases after her former landlord appeared willing to use hers to circumvent the province’s limit on annual rent increases.

“Anyone who has signed a lease, pull out your lease and check,” Jessicarose DuPerron said.

“Make sure you know if you have a fixed-term [lease] because the end date on that fixed-term lease is the date by which you would either need to be moved out, or sign a new lease which could come with a significant rent increase.”