Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
At midday: TSX jumps on broad rally led by banks, resource stocks + MORE Nov 21st
Tech stocks lift Wall Street to record high
.... More »
Take the Quiz: Do You Know Your Credit Score Fundamentals? Jun 26th
Your credit score is a very important number, which can help you get an apartment, car loan, mortgage, personal loan, or rewards credit card, among other financial decisions.
It is vital to know your credit rating and, if necessary, how to improve it. Staying up to date with your credit report can .... More »
U.S. Fed gives okay to 30 banks to boost dividends, buy back shares + MORE Jun 29th
But the Fed gave Morgan Stanley only conditional approval because of what were considered weaknesses in its plans dealing with risks
.... More »
Tips for Paying Off Credit Card Debt Feb 6th
Credit card bills got you down? That’s the trouble with paying with plastic. It is easy to spend, but not quite as easy to pay off the debt you accrue – especially if you are only paying the minimum each month. Carrying too much credit card debt can make it harder to get a mortgage loan for a h.... More »
Is an all-weather portfolio the answer to the shortage of “safe” investments? + MORE Oct 27th
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investment—suffered losses in 2021, as interest rates were poised to rise. Now that central banks have said .... More »
Canada's 5 biggest banks getting Apple Pay
– canoe.ca
All of Canada’s five biggest banks are partnering with Apple Pay to bring the mobile payment systems to their customers, but rollout times vary between the institutions.
Premarket: U.S. dollar dips from 2-week high, stocks in the red
– theglobeandmail.com
Yen rebound weighs on dollar; earnings, banks drag European stocks lower
Big banks cutting fees in response to fintech firms
– moneysense.ca
OTTAWA – Technology firms have turned several industries on their head. The way people buy books, hail a ride home from the bar or find a room for the night while on vacation have all changed.
And now financial technology or fintech firms are turning their sights on the banking industry, but Canada’s big banks aren’t going to give up their dominant position without a fight.
Joanna Rotenberg, head of personal wealth management at BMO Financial Group, says the needs of customers are shifting and clients are seeking out digital tools to access and manage their money.
In response, earlier this year the Bank of Montreal launched its SmartFolio investment service, which offers a professionally managed portfolio online for a low fee.
Number of Canadians using fintech may triple in next year »
“It’s for clients who want support from human professionals,” Rotenberg said. “It’s not a robot behind the scenes, but people who want to be able to access that digitally versus needing the hand-holding and face-to-face support…
And now financial technology or fintech firms are turning their sights on the banking industry, but Canada’s big banks aren’t going to give up their dominant position without a fight.
Joanna Rotenberg, head of personal wealth management at BMO Financial Group, says the needs of customers are shifting and clients are seeking out digital tools to access and manage their money.
In response, earlier this year the Bank of Montreal launched its SmartFolio investment service, which offers a professionally managed portfolio online for a low fee.
Number of Canadians using fintech may triple in next year »
“It’s for clients who want support from human professionals,” Rotenberg said. “It’s not a robot behind the scenes, but people who want to be able to access that digitally versus needing the hand-holding and face-to-face support…
Apple Pay now available to RBC and CIBC users
– moneysense.ca
TORONTO – The Apple Pay mobile payment system is adding several major Canadian partners, including at least two of the big banks.
Royal Bank (TSX:RY) and CIBC (TSX:CM) say they’ll accept Visa and MasterCard credit card payments through compatible Apple devices starting today and Bank of Montreal (TSX:BMO) says the feature is “coming soon.”
Apple Pay is also available to users with Interac debit cards issued by RBC and CIBC.
How to avoid online scams »
Interac says it’s working to bring Apple Pay to debit cards issued by all Canada’s biggest banks, including Scotiabank (TSX:BNS) and TD (TSX:TD).
Apple’s tap-and-pay system was officially launched in Canada last November but without support from the big banks.
American Express was Apple Pay’s original credit card partner in Canada along with several major retailers.
The post Apple Pay now available to RBC and CIBC users appeared first on MoneySense.
Royal Bank (TSX:RY) and CIBC (TSX:CM) say they’ll accept Visa and MasterCard credit card payments through compatible Apple devices starting today and Bank of Montreal (TSX:BMO) says the feature is “coming soon.”
Apple Pay is also available to users with Interac debit cards issued by RBC and CIBC.
How to avoid online scams »
Interac says it’s working to bring Apple Pay to debit cards issued by all Canada’s biggest banks, including Scotiabank (TSX:BNS) and TD (TSX:TD).
Apple’s tap-and-pay system was officially launched in Canada last November but without support from the big banks.
American Express was Apple Pay’s original credit card partner in Canada along with several major retailers.
The post Apple Pay now available to RBC and CIBC users appeared first on MoneySense.
