this post was submitted on 07 Jul 2023
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Canada Adds Guidelines for Banks to Prevent Mortgage Defaults (www.bnnbloomberg.ca)
submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca
14 comments fedilink hide all child comments
 

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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[–] NetHandle@kbin.social 9 points 1 year ago (1 children)

I'm sure the economy will turn around once WW3 starts, wars always fix economic problems!

I wish I was joking.

[–] ininewcrow@lemmy.ca 2 points 1 year ago

First we have to go through one or two countries going through hypermilitarization and growing their armaments and stockpiling weapons .... I know we have one country that is there now but we need it to do lots, lots more. Then we can start invasions and some totalitarianism, global crisis and many a genocide or two ... then we can get into the meat of WW3