High-interest lending takes off during COVID-19 pandemic
Videos
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High-interest lending takes off during COVID-19 pandemic
02:31 | October 23, 2021
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High-interest lending takes off during COVID-19 pandemic
02:31 | October 23, 2021
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Top News: Inflation in Canada jumps to 3.2% year-over-year in May
02:04 | June 22, 2026
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02:10 | June 10, 2026
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02:03 | June 3, 2026
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Business Matters: World Cup to provide tourism spending bump
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Canada slips into technical recession as economy stalls in Q1: StatCan
01:56 | May 29, 2026
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Business Matters: Canada falls into technical recession after economy stalls in Q1
02:16 | May 29, 2026
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Business Matters: Canadian insolvency levels hit highest point since 2009
02:02 | May 26, 2026
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Business Matters: Elon Musk’s SpaceX files for IPO
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Business Matters: Ottawa not pushing carbon price backstop in AB
02:18 | May 20, 2026
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After signing pipeline deal with Alberta, Carney says province will bring forward the investor
01:37 | May 15, 2026
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Consumer insolvency filings hit 17-year high
02:09 | May 13, 2026
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02:29 | May 13, 2026
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02:12 | May 4, 2026
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Canada’s economy grew 0.2% in February: Statistics Canada
01:51 | May 1, 2026
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Biden “wouldn’t sign”: Trump signs Presidential Permit for Bridger pipeline accessing Canadian oil
00:47 | April 30, 2026
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Business Matters: Canadian economy grew by 0.2% in February
02:31 | April 30, 2026
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Bank of Canada holds interest rate at 2.25%, warns of higher inflation
01:52 | April 29, 2026
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Carney’s spring economic: What Canadians need to know
02:23 | April 28, 2026
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Senior decisions: What life insurance plan should they be on?
04:33 | April 28, 2026
-
Mark Carney unveils Canada’s 1st sovereign wealth fund with $25B endowment
03:55 | April 27, 2026
-
“Hold my champagne”: Poilievre responds to Liberal deficit coming under its projected number
01:01 | April 26, 2026
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High fuel costs weigh on summer travel plans
01:49 | April 22, 2026
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Business Matters: Iran war impacting price of consumer goods
02:18 | April 22, 2026
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Business Matters: Canadian inflation jumps to 2.4% in March
02:11 | April 20, 2026
-
Business Matters: Oil prices climb again as U.S. prepares blockade
02:14 | April 13, 2026
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Fuel up now, Canadians: Reduced gas prices may not last
01:46 | April 10, 2026
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Business Matters: Unemployment rate holds at 6.7% in March
02:40 | April 10, 2026
High-interest lending takes off during COVID-19 pandemic
Description
October 23, 2021
Terrified during the early days of the first COVID-19 lockdowns, 65-year-old Kathleen Zane took a leave of absence from her call centre job. She says she was unable to get a loan from her bank, which charges less than eight per cent annual interest. But she already had a high interest loan of $1,500 with Easy Financial, which she increased to nearly $5,000, still in an annual interest rate of 30 per cent. She says she was shocked to see how much interest she was being charged this summer. Anne Gaviola reports.
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High-interest lending takes off during COVID-19 pandemic02:31 | October 23, 2021 -
Top News: Inflation in Canada jumps to 3.2% year-over-year in May02:04 | June 22, 2026 -
Federal, B.C. governments announce $3.2 billion for homes, community infrastructure01:10 | June 18, 2026 -
Carney announces plan to cut grocery bills with $3.2B food security strategy06:04 | June 11, 2026 -
Middle East conflicts, U.S. tariffs big factors as Bank of Canada holds rate steady02:16 | June 10, 2026 -
Canada’s ‘economy is weak, but it is not clearly in recession’: Bank of Canada governor02:10 | June 10, 2026 -
Business Matters: Canadian productivity drops 0.5% in Q102:03 | June 3, 2026 -
“Where is he anyway?”: Poilievre says Carney not answering questions after Canada hits recession05:02 | June 1, 2026 -
Business Matters: World Cup to provide tourism spending bump02:17 | June 1, 2026 -
Canada slips into technical recession as economy stalls in Q1: StatCan01:56 | May 29, 2026 -
Business Matters: Canada falls into technical recession after economy stalls in Q102:16 | May 29, 2026 -
Business Matters: Canadian insolvency levels hit highest point since 200902:02 | May 26, 2026 -
Business Matters: Elon Musk’s SpaceX files for IPO02:46 | May 21, 2026 -
Business Matters: Ottawa not pushing carbon price backstop in AB02:18 | May 20, 2026 -
After signing pipeline deal with Alberta, Carney says province will bring forward the investor01:37 | May 15, 2026 -
Consumer insolvency filings hit 17-year high02:09 | May 13, 2026 -
Business Matters: Trump arrives in China for two-day summit with Xi02:29 | May 13, 2026 -
Business Matters: GameStop offers to buy eBay for US$56B02:12 | May 4, 2026 -
Canada’s economy grew 0.2% in February: Statistics Canada01:51 | May 1, 2026 -
Biden “wouldn’t sign”: Trump signs Presidential Permit for Bridger pipeline accessing Canadian oil00:47 | April 30, 2026 -
Business Matters: Canadian economy grew by 0.2% in February02:31 | April 30, 2026 -
Bank of Canada holds interest rate at 2.25%, warns of higher inflation01:52 | April 29, 2026 -
Carney’s spring economic: What Canadians need to know02:23 | April 28, 2026 -
Senior decisions: What life insurance plan should they be on?04:33 | April 28, 2026 -
Mark Carney unveils Canada’s 1st sovereign wealth fund with $25B endowment03:55 | April 27, 2026 -
“Hold my champagne”: Poilievre responds to Liberal deficit coming under its projected number01:01 | April 26, 2026 -
High fuel costs weigh on summer travel plans01:49 | April 22, 2026 -
Business Matters: Iran war impacting price of consumer goods02:18 | April 22, 2026 -
Business Matters: Canadian inflation jumps to 2.4% in March02:11 | April 20, 2026 -
Business Matters: Oil prices climb again as U.S. prepares blockade02:14 | April 13, 2026 -
Fuel up now, Canadians: Reduced gas prices may not last01:46 | April 10, 2026 -
Business Matters: Unemployment rate holds at 6.7% in March02:40 | April 10, 2026
-
High-interest lending takes off during COVID-19 pandemic02:31 | October 23, 2021
-
Top News: Inflation in Canada jumps to 3.2% year-over-year in May02:04 | June 22, 2026
-
Federal, B.C. governments announce $3.2 billion for homes, community infrastructure01:10 | June 18, 2026
-
Carney announces plan to cut grocery bills with $3.2B food security strategy06:04 | June 11, 2026
-
Middle East conflicts, U.S. tariffs big factors as Bank of Canada holds rate steady02:16 | June 10, 2026
-
Canada’s ‘economy is weak, but it is not clearly in recession’: Bank of Canada governor02:10 | June 10, 2026
-
Business Matters: Canadian productivity drops 0.5% in Q102:03 | June 3, 2026
-
“Where is he anyway?”: Poilievre says Carney not answering questions after Canada hits recession05:02 | June 1, 2026
-
Business Matters: World Cup to provide tourism spending bump02:17 | June 1, 2026
-
Canada slips into technical recession as economy stalls in Q1: StatCan01:56 | May 29, 2026
-
Business Matters: Canada falls into technical recession after economy stalls in Q102:16 | May 29, 2026
-
Business Matters: Canadian insolvency levels hit highest point since 200902:02 | May 26, 2026
-
Business Matters: Elon Musk’s SpaceX files for IPO02:46 | May 21, 2026
-
Business Matters: Ottawa not pushing carbon price backstop in AB02:18 | May 20, 2026
-
After signing pipeline deal with Alberta, Carney says province will bring forward the investor01:37 | May 15, 2026
-
Consumer insolvency filings hit 17-year high02:09 | May 13, 2026
-
Business Matters: Trump arrives in China for two-day summit with Xi02:29 | May 13, 2026
-
Business Matters: GameStop offers to buy eBay for US$56B02:12 | May 4, 2026
-
Canada’s economy grew 0.2% in February: Statistics Canada01:51 | May 1, 2026
-
Biden “wouldn’t sign”: Trump signs Presidential Permit for Bridger pipeline accessing Canadian oil00:47 | April 30, 2026
-
Business Matters: Canadian economy grew by 0.2% in February02:31 | April 30, 2026
-
Bank of Canada holds interest rate at 2.25%, warns of higher inflation01:52 | April 29, 2026
-
Carney’s spring economic: What Canadians need to know02:23 | April 28, 2026
-
Senior decisions: What life insurance plan should they be on?04:33 | April 28, 2026
-
Mark Carney unveils Canada’s 1st sovereign wealth fund with $25B endowment03:55 | April 27, 2026
-
“Hold my champagne”: Poilievre responds to Liberal deficit coming under its projected number01:01 | April 26, 2026
-
High fuel costs weigh on summer travel plans01:49 | April 22, 2026
-
Business Matters: Iran war impacting price of consumer goods02:18 | April 22, 2026
-
Business Matters: Canadian inflation jumps to 2.4% in March02:11 | April 20, 2026
-
Business Matters: Oil prices climb again as U.S. prepares blockade02:14 | April 13, 2026
-
Fuel up now, Canadians: Reduced gas prices may not last01:46 | April 10, 2026
-
Business Matters: Unemployment rate holds at 6.7% in March02:40 | April 10, 2026
High-interest lending takes off during COVID-19 pandemic
Description
October 23, 2021
Terrified during the early days of the first COVID-19 lockdowns, 65-year-old Kathleen Zane took a leave of absence from her call centre job. She says she was unable to get a loan from her bank, which charges less than eight per cent annual interest. But she already had a high interest loan of $1,500 with Easy Financial, which she increased to nearly $5,000, still in an annual interest rate of 30 per cent. She says she was shocked to see how much interest she was being charged this summer. Anne Gaviola reports.
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