Chequed out: Inside the payday loan cycle

Feb. 11, 2015 – Anna Mehler Paperny and Patrick Cain, Global News

Jillane Mignon just needed cash to pay for day care.

Her job with the City of Winnipeg’s 311 program covered the bills, but not the $1,000 a month it cost to care for her son while she was at work.

“When there are [child care] subsidies, there are no spaces. When there are spaces, there’s no subsidy.”

So it started with a small loan from a payday lender. That took care of that month.

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A different kind of stimulus package: How ending poverty can save the economy

Photo by Chris Bolin for the Globe and Mail

ANNA MEHLER PAPERNY AND TAVIA GRANT
Friday, May 06, 2011 – Globe and Mail

Behind corridors lined with contemporary Canadian art, sitting at a dark wooden table in his downtown Toronto office, Ed Clark offers some economic advice that might not typically come from Bay Street.

Give the poor a tax break.

“I say, ‘Why don’t you cut the taxes of the most overtaxed people?’ It isn’t Ed Clark,” the Toronto-Dominion Bank CEO said in an interview earlier this year. “It’s the people at the low end, because they face the highest marginal tax rates.”

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