Payday loans are on the rise in the Great White North! Findings from new studies conducted by the Conference Board of Canada (CBC) and the Financial Consumer Agency of Canada (FCAC) indicate the Canadian payday loan industry is booming. But is this a good or bad thing for Canada and its citizens?
Each of these two reports provides very different kinds of data. When the two are compared and contrasted, it provides some very interesting facts about the financial reality for many Canadians. (more…)