Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
How cash ETFs keep your money working Nov 25th
It’s a dilemma for many investors: you want to have cash set aside to hop on investment opportunities that might arise, but you also don’t want the money sitting in your portfolio not collecting any return. Enter cash exchange-traded funds. Experts say there is increasing demand for cash.... More »
Banks Brush Off New Capital Rules, Saying They Have ‘No Impact’ Jan 10th
The Globe and Mail, James Bradshaw, 9 January 2019
The chief executives of Canada’s largest banks are shrugging off tougher capital requirements introduced by the banking regulator, saying the change will have no impact on plans for acquisitions, dividend hikes or share buybacks.
Last June, the .... More »
Canadians mostly happy with grocers despite bread price fixing scheme: survey + MORE Feb 21st
TORONTO _ A new survey suggests Canadians still have a strong relationship with their grocer _ with only about a third of respondents saying their view of their favoured retailer has worsened following revelations of an alleged industry-wide bread price-fixing scandal.
The annual online survey by Ar.... More »
How GIC interest rates work + MORE Aug 9th
Guaranteed investment certificates, or GICs for short, are low-risk investments offered by banks and other financial institutions. In exchange for committing your money for a term ranging from 30 days to 10 years, the bank will pay you a guaranteed rate of interest.
GICs are particularly safe bec.... More »
The best bank accounts for students in Canada 2020 Apr 10th
Table of contents
The best bank accounts for students in Canada
The best online bank accounts for students in Canada
What is a student bank account?
What do you need to open a student bank account?
How to choose the best student bank account for you
With the cost of tuition and books—not t.... More »
Bank of Canada holds interest rate at 0.5%
– moneysense.ca
The Bank of Canada’s key interest rate will remain at 0.5 per cent, as widely expected.
Even still, economists will be scrutinizing the central bank’s statement for clues about how it views the economy.
The last time the Bank of Canada made a rate announcement it raised its expectations for economic growth in its monetary policy report.
However, the massive forest fire in Alberta that resulted in oilsands production shutdowns earlier this month have cut into expectations for the economy in the second quarter.
The problems are compounded by recent economic data that has suggested the first quarter will end on a weak note.
The Bank of Canada’s target for the overnight rate is a key factor affecting the rates set by Canada’s big banks for variable rate mortgages and lines of credit.
Bank of Montreal senior economist Robert Kavcic wrote in a recent note to clients that the recent run of economic data has been soft, especially the trade figures.
“Look for a relatively straightforward policy statement from the Bank of Canada, with no move on interest rates but a somewhat more cautious tone than in April,” Kavcic said…
Even still, economists will be scrutinizing the central bank’s statement for clues about how it views the economy.
The last time the Bank of Canada made a rate announcement it raised its expectations for economic growth in its monetary policy report.
However, the massive forest fire in Alberta that resulted in oilsands production shutdowns earlier this month have cut into expectations for the economy in the second quarter.
The problems are compounded by recent economic data that has suggested the first quarter will end on a weak note.
The Bank of Canada’s target for the overnight rate is a key factor affecting the rates set by Canada’s big banks for variable rate mortgages and lines of credit.
Bank of Montreal senior economist Robert Kavcic wrote in a recent note to clients that the recent run of economic data has been soft, especially the trade figures.
“Look for a relatively straightforward policy statement from the Bank of Canada, with no move on interest rates but a somewhat more cautious tone than in April,” Kavcic said…
Before the Bell: TSX poised for gains as banks beat Street
– theglobeandmail.com
A look at overnight markets and what's ahead this trading day in North America
