Finance Minister Jim Flaherty thinks Banks are a “Bit Odd”

Read the full article in the Montreal Gazette Here “I find it a bit odd that some of the bank executives are taking the position that the minister of finance or the government somehow should tell them how to run their business,” Flaherty said in Stittsville, Ont., just west of Ottawa. “We have bank executives […]

Mortgage Prepayment Rules

It’s been two years since the Government Acknowledged that the rules around mortgage prepayment penalties need to be clarified. Finally, the Government announced several measure to protect consumers, central to which is a new Code of Conduct for Federally Regulated Financial Institutions which requires federally regulated lenders to provide significantly more information and tools to borrowers […]