Editorial: Still a market for short-term loans

The demise of some longtime business models often inspires wistful nostalgia — department stores, the milkman and movie-rental places. But few tears are being shed for another industry that appears to be on the decline — the payday lender which sells short-term loans at high cost mostly to lower-income borrowers.
Payday loan licences in Alberta have fallen by more than one-quarter, to 165 from 230, and industry officials predict even more payday loan stores will be shuttering their d