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Banks Raise Rates While Savers Struggle in Canada
Scarborough MP Reg Stackhouse calls credit card rate hikes obscene and plans a private member's bill to link charges to the Bank of Canada rate. He cites a 16.5 percent card rate after a prior drop from 18 and argues for consumer protection through regulation across banks and retailers.
MENTIONED IN THIS ARTICLE
Royal Bank
Canada
Visa
Scarboro
Reg Stackhouse
Stackhouse
Bank of Canada