It would be subject to approval by the Minister of Finance. For widely held institutions, our largest financial institutions, there are already limits on significant interest. Those limits would have to be respected under this as well.
Director, Financial Institutions Division, Financial Sector Policy Branch, Department of Finance
It would be subject to approval by the Minister of Finance. For widely held institutions, our largest financial institutions, there are already limits on significant interest. Those limits would have to be respected under this as well.
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