Canadian banks urged to do more to lower fees and credit card interest rates
TORONTO -- When COVID-19 took hold over a year ago, Canadian banks were urged to offer deferrals for mortgages, credit cards and other loans to help people through the pandemic. But Canada’s big banks are back to making record profits and some groups say they could do more to help their customers. ACORN Canada held protests in more than a dozen cities across the country on Tuesday, including in Toronto’s financial district. Protesters say that Canadian bank presidents made an average of almost $11 million each during 2020 and several banks saw their profits more than double. It co...
Source: toronto.ctvnews.ca