Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Canadian Banks Take a Credit Rating Hit from Moody’s + MORE May 18th
The credit ratings of Canada’s Big Six banks have been taken down a notch, reflecting our nation’s high level of household debt and housing prices.
Last week, credit ratings agency Moody’s Investor Service announced that Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadi.... More »
When a bank’s not a bank: How fintech—and neobanks in particular—are transforming banking in Canada + MORE Jan 19th
Neobanks and challenger banks are fintech (financial technology) firms that offer banking services, usually online only. These digital upstarts offer alternatives to the mainstream banking products and services we’re accustomed to.
The Canadian banking system is known worldwide for its strength.... More »
Banks set to reveal earnings amid wobbly housing market, interest rate uncertainty Feb 20th
Canada's biggest banks are set to report on what has traditionally been the strongest quarter of the year, but market volatility and slower mortgage growth during the period could weigh on their latest results..... More »
Credit Card Rewards Redemptions Are Surging During COVID-19 + MORE Sep 2nd
The number of Canadians redeeming credit card points for everyday purchases is surging during the pandemic, according to a study by CIBC. Typically, Canadians would use their credit card points to travel this time of year. However, COVID-19 continues to restrict border crossings and flights, which .... More »
Top 100 dividend stocks in Canada 2024 Jan 11th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
Top 100 dividend stocks in Canada
Consider our list o.... More »
The close: TSX rises, led by financials and resource stocks
– theglobeandmail.com
Wall Street ends flat as banks gain, Apple drags
Excuse me, you bought what?
– moneysense.ca
(Illustration by Josh Holinaty)If the idea of negative interest rates sounds screwed up to you, it should. On the one hand we have central bankers in Europe and Japan lowering their lending rates into negative territory, which means they charge the major banks money just to hold their reserves overnight. (Think of it as a stick to incentivize the banks to stoke economic activity by lending that money to businesses and consumers instead.) On the other hand, we have bonds trading at negative yields, so investors who buy bonds are willing to pay $100 for the right to be paid back $98 later.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}Find the perfect mix of Canadian equities
So far, it’s a foreign thing; we do not have Canadian bonds trading at negative yields. Avery Shenfeld, CIBC World Market’s chief economist, says he doesn’t see bond yields going negative here unless the Bank of Canada takes its overnight lending rate negative…
