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Wednesday, March 11, 2026

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Non-prime lending ensures access to credit for eight million Canadians

If we focus on the wrong solution, the result will be an unintended outcome of reducing access to credit, pushing non-prime Canadians to high interest payday lenders, and keeping them in cycles of debt with no ability to rebuild their credit.

The government should proceed with caution, as there are unintended consequences with these policy proposals, that will remove access to credit for people who need it most and push them to payday lenders, charging rates as high as 600 per cent, writes Gary Schwartz. Image courtesy of Commons Wikimedia
Opinion
BY GARY SCHWARTZ
September 8, 2022
Opinion | BY GARY SCHWARTZ | September 8, 2022

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  • Also, a play based on the Rogers' family feud comes to Ottawa this fall, Adam Dodek talks about his new book on March 18, and Ira Wells is this year's Freedom to Read laureate.
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  • Also, a play based on the Rogers' family feud comes to Ottawa this fall, Adam Dodek talks about his new book on March 18, and Ira Wells is this year's Freedom to Read laureate.

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