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Ottawa set to lower maximum interest rate on consumer loan products

Experts and advocates for low-income Canadians are divided on how effective the changes will be

Ottawa , Ontario , Canada , Quebec , Canadians , Canadian , Jason-mullins , Bruce-sellery , Chris-robinson , Marcia-brown , Donna-borden , Thecanadian-lenders-association

Budget a chance for Ottawa to reverse course on misguided lending cap

Ottawa's decision to set 35% limit on interest rates will drive sub-prime borrowers into the hands of predatory and illegal lenders. Read on

Toronto , Ontario , Canada , France , Ottawa , New-york , United-states , Canadian , Canadians , French , Mike-hensen , Michele-campeau

Lowering interest rate cap to 35% to cost jobs and GDP: Industry report

Lowering interest rate cap to 35% to cost jobs and GDP: Industry report
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Toronto , Ontario , Canada , Canadian , Canadians , Chrystia-freeland , Gary-schwartz , Katherine-cuplinskas , Elizabeth-mulholland , Canadian-lenders-association , Standing-committee-on , Ernst-young

Lowering interest rate cap to 35% to cost jobs and GDP, report says

Lowering interest rate cap to 35% to cost jobs and GDP, report says
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Toronto , Ontario , Canada , Canadian , Canadian-lenders-association ,

Government Interest Rate Cap to Remove up to $10.7 Billion from the Canadian Economy, Cut Off Millions of Canadians from Access to Loans

A new report conducted by Ernst & Young LLP, commissioned by the Canadian Lenders Association (CLA), highlights the severe, far-reaching consequences of the federal government's new interest rate cap. The study reveals that a reduction to the allowable rate of interest will remove $10.7 billion from the Canadian economy each year, eliminate nearly 50,000 jobs and cost borrowers up to $4.4 billion in additional interest payments to payday lenders and illegal lenders, as a result of being turned a

Canada , Ottawa , Ontario , Canadians , Canadian , Gary-schwartz , Canadian-lenders-association , Ernst-young , Chief-executive-officer , Canadian-lenders , Federal-government , Criminal-code

Lowering interest rate cap to 35% to cost jobs and GDP: Industry report

Lowering interest rate cap to 35% to cost jobs and GDP: Industry report
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Toronto , Ontario , Canada , Canadian , Canadians , Chrystia-freeland , Canadian-lenders-association , Ernst-young , Criminal-code , Finance-minister-chrystia-freeland , Canadian-press ,

Lowering interest rate cap to 35% to cost jobs and GDP: Industry report – Winnipeg Free Press

Breaking News, Sports, Manitoba, Canada

Toronto , Ontario , Canada , Winnipeg , Manitoba , Ottawa , Canadians , Canadian , Chrystia-freeland , Adrian-wyld , Winnipeg-free-press-newsletter , Canadian-lenders-association

Lowering interest rate cap to 35% to cost jobs and GDP: Industry report

TORONTO - A report commissioned by the Canadian Lenders Association estimates that lowering the maximum interest rate could lead to the loss of tens of thousands of jobs and billions

Canada , Toronto , Ontario , Canadians , Canadian , Gary-schwartz , Katherine-cuplinskas , Chrystia-freeland , Elizabeth-mulholland , Ernst-young , Standing-committee-on , Canadian-lenders-association

Lowering interest rate cap to 35% to cost jobs and GDP: Industry report

Lowering interest rate cap to 35% to cost jobs and GDP: Industry report
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Canada , Canadian , Canadians , Chrystia-freeland , Katherine-cuplinskas , Elizabeth-mulholland , Gary-schwartz , Ernst-young , Standing-committee-on , Canadian-lenders-association , Criminal-code , Finance-minister-chrystia-freeland

NewCa.com: 👮💵 Government of Canada's Interest Cap Risks Criminal

- New research paper from the Ontario Association of Chiefs of Police and the Canadian Lenders Association -

The Ontario Association of Chiefs of Police (OACP)

California , United-states , Canada , United-kingdom , Quebec , Canadian , Canadians , Barry-horrobin , Gary-schwartz , Crime-prevention-committee , Ontario-association-of-chiefs-police , Canadian-lenders-association