Canada is to bail out its banks over losses from a high rate of default on student loans. The three major banks are likely to receive Can$100 million (Pounds 42 million) from the federal government, despite profits last year of more than Can$1 billion each. The Canadian Federation of Students believes the money is a response to bank threats to pull out of the Can$1 billion-a-year programme.
Register to continue
Why register?
- Registration is free and only takes a moment
- Once registered, you can read 3 articles a month
- Sign up for our newsletter
Subscribe
Or subscribe for unlimited access to:
- Unlimited access to news, views, insights & reviews
- Digital editions
- Digital access to THE’s university and college rankings analysis
Already registered or a current subscriber?
Please or to read this article.
