Parker Banks on Nostr: Where have I heard the word “transitional” before? It’s notional,” said an ...

Where have I heard the word “transitional” before?

It’s notional,” said an OSFI spokesperson. “At renewal borrowers have to go back to the original lending requirements. Extending amortizations is a transitional measure so people can get through this period. It’s not meant to be a permanent measure in our system.