NBC is Canada's 6th largest commercial bank - mulling its response to the COVID-19 impact.
- considering payment deferrals on mortgages up to 6 months
- special loans to cover living expenses may be offered
I'd be awaiting details on this if you are in Canada, what the terms etc will be.
That 6 month timeframe the bank is flagging does sound about right to me. The deleterious effects could stretch on longer though.
