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Feds want more no-fee and low-cost banking in reform push

Financial Consumer Agency of Canada told to make banking more affordable for Canadians
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Finance Minister Chrystia Freeland has announced several steps the federal government is taking to make banking more affordable, which in part follow up to pledges made in the spring budget. Freeland, right and Innovation, Science and Industry Minister Francois-Philippe Champagne take part in a press conference in Ottawa on Tuesday, Oct. 17, 2023.THE CANADIAN PRESS/Sean Kilpatrick

Finance Minister Chrystia Freeland has announced several steps the federal government is taking to make banking more affordable, which in part follow up to pledges made in the spring budget.

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.

Finance Canada is also being tasked with taking a look at reducing bank fees, such as charges when a check bounces back.

And

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