Financial Digest

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

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OTTAWA — Finance Minister Chrystia Freeland has announced several steps the federal government is taking to make banking more affordable, which in part fo

Freeland says she has instructed the Financial Consumer Agency of Canada to work on making more no-fee and low-cost bank accounts available to Canadians.

And the finance minister is designating the Ombudsman for Banking Services and Investments as an independent, not-for-profit and external complaints body for the banking sector, following up on a budget promise.

 

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