The urban outdoorsman has been expanding exploration of territory with the expansion of C-Train routes in the city. They didn't pay in past and won't pay now. Nothing new there.
Interesting how banks have come out ahead of government offering "help" with payment deferrals. City of Calgary has followed with deferred payment of utilities. Banks are not here to help anyone beyond their bottom lines. Banks sell debt, period.
Look at what other countries are doing in such times, the UK announced recently a program to provide the equivalent of $4000+ for every employee who has lost their job due to Covid19. The call it a wage replacement. France and Italy have suspended mortgage and rent payments, not deferring until later but removed them suspending debt entirely for the individual. Banks in Canada get out ahead of such notions here and offer deferring debt until later. Is this better or worse. Ask yourself, where will we be in 3 months time or 6 months time, economy growing or contracting? I think the situation for those who are getting laid off will not improve before it gets worse. Savings will be used up, credit maxed and then the deferred payments come due from the banks & municipalities. Is Canada approaching this in the right way by deferring over suspending debt...we will see.
I do believe that Canada generally f'd up the lead in to dealing with Covid 19. A better approach perhaps.. with less economic distress >>> https://nationalpost.com/health/how-...mal-life-go-on