Latest / The Flow: Real Estate and Money Show
Here's why Canadian Banks are CUTTING Credit Lines: And what you can do
Banks across Canada are quietly cancelling credit lines and credit cards for thousands of customers, many with 800+ credit scores and perfect payment histories. Alex breaks down the real reasons behind this wave of closures, from the 84,000 jobs lost in February, to rising bond yields, a military conflict disrupting oil supply through the Strait of Hormuz, and new OSFI capital requirements forcing banks to clean up their balance sheets. If your credit line has been cut or you're worried it might be next, this episode tells you exactly what to do before your safety net disappears.
The skinny
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