Big banks use COVID-19 funding for borrower kickbacks
Feb 2, 2021 â 3.41pm
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The big banks have entrenched their dominance by exploiting the governmentâs COVID-19 emergency funding support to subsidise record low rates and offer cash handouts worth thousands of dollars to refinancing customers.
Challenger banks dependent on international securitisation markets say this is grossly unfair and have called on the government to reform the central bankâs Term Funding Facility to provide a more level playing field between smaller banks and the big four lenders. The big four banks are exploiting COVID-19 emergency support to fund cash handouts for borrowers at the expense of banking competition, challenger banks have argued. Â
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On January 11, during the regular Municipality of Kincardine council via Zoom, the Ontario long service medal (25 years) was presented to the following recipients from Kincardine Fire and Emergency Services for outstanding service to their community for 25 years: Firefighters Scott Allen and Murray Harris, acting captain Andy McIntosh (retired) and captain Don Huston. The spouses of the recipients are also recognized with an award, as they are a very important part of supporting the fire service as well.
The medal is an expression of public appreciation for the dedication and hard work of Ontario fire fighters. It is officially recognized by the province. Both full-time and volunteer fire fighters can qualify for the medal.
Kincardine, ON, Canada / ShorelineToday.ca
Jan 13, 2021 6:17 AM
Some local fire fighters have been recognized for their dedication and hard work at this week’s Municipality of Kincardine council meeting.
The Ontario Fire Services Long Service Medal was presented to 4 members of the Kincardine Fire and Emergency Services for their 25 years of service to the community.
Fire Fighters Scott Allen and Murray Harris along with Captain Andy McIntosh (retired) and Captain Don Huston were presented the awards via Zoom.
The awards were presented virtually by Deputy Chief Matt Cottrill, Deputy Chief Ron Simmons, and Interim Fire Chief Kevin McNeilly.
The award was first handed out in 1971.