The Bank of Canada has slashed its trend-setting interest rate to try to cushion the blow to business from a slowing economy, but credit-card interest rates, the ones that matter most directly to most consumers, remain high.Speaking at his Ottawa residence this morning, Trudeau says Finance Minister Bill Morneau is in talks with major banks about doing things to narrow the gap.
He says the government is spending billions on programs to help individuals pay their bills over the next few months as the novel coronavirus forces people out of work due to illnesses and enforced closures. He says lowering the costs Canadians have to pay as they rely on borrowing to cover their expenses is another part of the effort.for the Coronavirus Update newsletter to read the day’s essential coronavirus news, features and explainers written by Globe reporters.
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globepolitics IMPOSE it. Nobody should be getting a free ride here.
globepolitics How about he does his bit and cancel the Carbon Tax instead of raising it.
globepolitics JustinTrudeau maybe you could do the same for cellphone companies as well
globepolitics How bout the rising mortgage rate by big banks to Canadians. Soaring unemployment, crashing economy, slashed BOC rates, and banks raise rates.. . Call your bank. Ask if rates are up in last month? This is robbery. Less worry bout 5k credit cards, more worry bout 500k mortgages
globepolitics Just do it!
globepolitics Asking banks....lol Why not impose it?