Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Tracking Receipts with the UGO Mobile Wallet + MORE Jul 19th
There’s been a lot of innovation in the banking space lately, an area that is typically resistant to change. Just recently, the big banks got on board and started offering Apple Pay. Now, innovators have introduced the UGO Mobile Wallet.
Today smartphones are so much more than just a phone. Users.... More »
Computer Engineering Technology at Algonquin College Feb 2nd
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Maclean’s Education Hub »
(Dwayne Brown Studio/Algonquin College)
Algonquin College combines inno.... More »
What Happens to Your Points When You Cancel a Rewards Credit Card? Mar 21st
The moment you redeem your credit card rewards can feel exhilarating. Maybe you’ve treated yourself to new merchandise, event tickets, or a free flight. But, when it is time to upgrade your credit card or cancel it altogether, the outcome may not be so joyous.
Depending on the type of rewards car.... More »
Holiday Spending out of Control? Manage It Well for a Healthy Financial New Year Jan 21st
The holidays were glorious and brilliant, but the new year is here and so are the bills. You’re not alone if your credit card balances soared and bills are piling up. We’ve put together some tips to help you recover smoothly and avoid another spending hangover in the new year.
Give Your.... More »
'Open banking' holds promise but cybersecurity fears loom for Canadian banks + MORE Nov 30th
Customers have increasingly moved away from physical bank branches towards online and mobile apps, but banking has yet to reach its 'Uberization'" moment, one that breaks down traditional models to usher in new innovations, as Uber has done for the taxi industry..... More »
Big banks, waited years for a rate hike, get pummeled
– canadianbusiness.com
NEW YORK, N.Y. – With oddsmakers all but pulling a summer rate hike off the table after a terrible U.S. jobs report and a wash of other disheartening economic data, the nation’s biggest banks took pummeling from investors Friday.
The financial sector has been waiting seven years for the Federal Reserve to increase the short-term interest rates substantially, which allows banks to follow with higher rates for borrowing.
The Fed raised rates at the end of last year, but just barely.
The report from the Labor Department on Friday, showing that there was a drastic slowdown in hiring by U.S. employers in May, rewrote the story many had expected to unfurl later this month and in July when the Fed meets.
Financials were the biggest decliner by far of the 10 Standard & Poor’s sectors Friday, with the biggest banks leading the way down.
Bank of America Corp. took the biggest tumble in midday trading, down 4.2 per cent. Shares of Citigroup Inc. also traded down more than 4 per cent as CEO Mike Corbat suggested second-quarter earnings would drop 25 per cent from the same period last year…
The financial sector has been waiting seven years for the Federal Reserve to increase the short-term interest rates substantially, which allows banks to follow with higher rates for borrowing.
The Fed raised rates at the end of last year, but just barely.
The report from the Labor Department on Friday, showing that there was a drastic slowdown in hiring by U.S. employers in May, rewrote the story many had expected to unfurl later this month and in July when the Fed meets.
Financials were the biggest decliner by far of the 10 Standard & Poor’s sectors Friday, with the biggest banks leading the way down.
Bank of America Corp. took the biggest tumble in midday trading, down 4.2 per cent. Shares of Citigroup Inc. also traded down more than 4 per cent as CEO Mike Corbat suggested second-quarter earnings would drop 25 per cent from the same period last year…
