Have you ever considered changing banks? It’s a lot of hassle.
It isn’t just the chequing and savings accounts. There’s the mortgage and lines of credit, credit cards, college savings funds for the kids, car loans. Maybe you have a cottage that you’re paying off, too, or an RV or a time-share.
Maybe you have RSPs, TFSAs or other investments with the same bank. You also have to change every automatic deduction from your accounts, your paycheque deposit and every subscription renewal on your credit card.
You’ll forget one or two. Then creditors will start calling.
The amount of work and inconvenience will discourage most people from making the switch, even if they can get a lower interest rate on debt and a slightly higher rate on investments.
There’s a similar sort of dynamic with Alberta independence.
A lot of Albertans want separation in their guts right now. Since the re-election of the Liberals in October, they’ve seen conditions in the oil industry deteriorate even further. More layoffs, more rigs moved out of the province, more service companies closing.
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See Also:
(1) Dozens laid off as AER restructures following provincial budget cuts
(2) Alberta Indigenous communities push back against opponents to Frontier oilsands project
