The minority government is expected to highlight efforts to help vulnerable Canadians struggling with the cost of living, while balancing the need to show fiscal restraint.
A tip is entered on a digital payment device, Wednesday, July 25, 2018 in Montreal. Consumers increasingly face a choice whether or not to shell out extra cash in tips for a coffee or snack to go with digital payment devices prompting them to add sometimes as much as 30 per cent to their bill.THE CANADIAN PRESS/Ryan Remiorz
OTTAWA — Finance Minister Chrystia Freeland is set to table a federal budget in the House of Commons on Tuesday afternoon, which a federal source says will include plans to go after predatory lending and more details on dental care as part of a pitch to make life more affordable. The government official, who was granted anonymity to discuss matters that will not be public until the budget is released, said the federal Liberals intend to amend the Criminal Code to lower the amount of interest legally allowed to be charged.
Predatory lending often involves short-term loans at sky-high high interest rates. Often marketed to people in financially precarious situations, they can create a cycle of debt tough to escape.
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