OSFI, the national bank regulator, has deemed six of Canada’s largest lenders as “too big to fail”. What does this mean for banking consumers – and what measures are being put in place to protect our banks in case of another national recession?
Homeowners looking to take out a home equity line of credit will find their borrowing power slashed as the National Bank enforced a 65 per cent LTV cap which takes effect today.
Do you trust your bank? A recent survey shows Canadians have had enough of hidden or confusing bank fees – and are losing faith in their financial institutions as a result. Learn more about how to resolve conflicts with your bank – and protect your finances – if you’re unhappy with their services.