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The Bank of Canada's data has shown that delinquency rates for vehicle loans are now what her family describes as the pandemic, highlighting the strain on consumers' wallets as they also struggle to repay their mortgages in a high interest.
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Those dents on the income begun to slow some lending demand and deal making amid heavy competition among Canadian banks on mortgage rates and wider the past year and a.
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Is BMO In Trouble? Subprime Auto Loan Nightmare!Montreal-based lender will cease making consumer vehicle loans, but continue offering financing for dealers. Automotive News Canada. BMO Financial Group will cease indirect auto financing through dealers, focusing on direct personal lending solutions while continuing to. BMO is finding auto finance too risky as quantitative tightening continues. Car delinquencies are most likely climbing. Next up, housing.
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