this post was submitted on 07 Jul 2023
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Canadian banks need to take steps to assist mortgage holders who are struggling to stay above water after a rapid spike in interest rates, according to new guidelines issued Wednesday.

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[–] BedSharkPal@kbin.social 18 points 1 year ago (1 children)

Just keep kicking the can down the road until there's literally no other option...

[–] No_Eponym@lemmy.ca 4 points 1 year ago

Or, hear me out, bail out principle residences and allow the banks/investors to eat there losses as is predicated in a free market capitalism system. They literally asked for it...