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Freeland announces steps to make banking more affordable, create complaints mechanism

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As many Canadians face rising mortgage costs due to high interest rates, the Finance Minister reiterated that Canadians are entitled to flexibility and options from their banks

Chrystia Freeland, right and Innovation, Science and Industry Minister Francois-Philippe Champagne take part in a news conference in Ottawa on Oct. 17. THE CANADIAN PRESS/Sean Kilpatrickhas announced several steps the federal government is taking to make banking more affordable, which in part follow up to pledges made in the spring budget.

Finance Canada is also being tasked with taking a look at reducing bank fees, such as charges when a check bounces back.

 

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