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Police Intensify Search of Mountbatten-Windsor’s Former Estate Following Arrest

Police search at Royal Lodge continues for second day as Andrew released under investigation. British police continued an extensive search of Andrew Mountbatten-Windsor’s former residence on Friday, one day after his arrest on suspicion of misconduct in public office. Officers were seen entering Royal Lodge and the Sandringham Estate as part of an ongoing investigation linked to his association with the late financier Jeffrey Epstein. Journalists gathered outside the properties as unmarked police vehicles arrived throughout the morning.  Mountbatten-Windsor, formerly known as Prince Andrew, was detained for roughly 11 hours before being released under investigation. Authorities have not filed charges, but the inquiry remains active, with searches now stretching into a second day.  The arrest marks a significant escalation in the long‑running scrutiny surrounding his ties to Epstein. Police have confirmed that investigative efforts will continue as they examine allegations th...
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Canadian Bank Fees: A Costly Affair

 

In a recent eye-opening report by North Economics, it was revealed that Canadians are paying over $7.7 billion annually in ‘excess’ bank fees. This staggering figure has sparked concern as the federal government is already taking steps to mitigate bank fees.

The Alberta-based consultancy firm’s analysis showed that the fees charged by Canada’s Big Five banks—RBC, TD, BMO, CIBC, and Scotiabank—are significantly higher than those in the U.K. and Australia. The report highlights the disparity in charges for everyday banking services, including monthly account fees, non-sufficient funds, overdrafts, and ATM usage at other banks.

Alain de Bossart, the managing director of North Economics, compared the retail banking profits to deposits ratio of 2022 between Canadian and British banks. The findings suggest that the Big Five banks in Canada had an ‘excess’ income of $7.73 billion, which translates to roughly $250 per Canadian.

The Canadian Bankers Association responded by emphasizing the value and accessibility provided by the competitive banking system in Canada. They also mentioned that a significant percentage of Canadians do not pay any account fees.

This report has intensified the dialogue on bank fees in Canada, with many calling for a more consumer-friendly approach that aligns with global standards.

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