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Cash-strapped Canadians turn to loans charging 47% interest - Publication Date |
- Feb 05, 2024
- Episode Duration |
- 00:22:53
And many Canadians turn to alternative lenders when money gets tight, but those lenders can charge up to 47 per cent interest. The federal government is taking steps to cap that interest rate at 35 per cent — but critics say the move won’t address why people turn to alternative lenders in the first place.
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