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Canada Adds Guidelines for Banks to Prevent Mortgage Defaults (www.bnnbloomberg.ca)
submitted 3 years ago by to c/canada@lemmy.ca
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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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[–] 4 points 3 years 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...

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