Dijkema, Brian. "Lowering the Cost of Borrowing for Payday Loans in Ontario." Cardus, 2016. https://www.cardus.ca/research/work-economics/policy-memo/lowering-the-cost-of-borrowing-for-payday-loans-in-ontario/
Ontario’s Ministry of Government and Consumer Services is seeking input and comment on whether to lower the cost of borrowing a payday loan and, if so, what the maximum total cost of borrowing should be. In particular, the government outlined a series of questions intended to guide responses. Here is the Cardus response.
For access to profitability analysis based on interest rates of payday loan providers, click here.
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