Crack Down on Payday Loans Not High on Canadian Government List

Historical archive, first published 2006 — payday-lending laws and rates have changed since. Preserved for the record.

The future of regular and online payday loans is looking strong at the moment in Canada. 

The federal government probably won't move any time soon to crack down on the cash advance industry in the state.

Justice Minister Vic Toews said the issue is under consideration, but isn't among his immediate priorities. Toews placed several criminal law issues top his fall agenda.

Neverthelesss, he plans to introduce legislation eventually that would let the provinces set and police interest rates on cash loans of all kinds.