Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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The best high-interest savings accounts in Canada for 2026 + MORE Feb 10th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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MoneySense is an.... More »
Banks cutting variable mortgage rates to drum up business even as fixed rates rise May 18th
A number of Canadian lenders have slashed their variable mortgage rates in recent days, even as some of those same lenders are raising their fixed-rate mortgages..... More »
How does a reverse mortgage work in Canada? + MORE Aug 29th
More than ever, Canadians are relying on reverse mortgages—a “don’t-pay-till-you-die” option to borrow up to 55% of the appraised value of your home—and the trend is turning conventional wisdom about debt and retirement on its head. While past generations fought hard to avoid debt in their.... More »
Rising Interest Rates Expected to Boost Bank Earnings & Payouts Aug 20th
The Globe and Mail, David Berman, 19 August 2018
Concerns about the Canadian housing market have been weighing on bank stocks this year, and it’s likely that these concerns will be a focal point for investors as the big banks roll out their fiscal third-quarter results starting this week.
Roya.... More »
Toshiba seeks $8.8-billion for chip unit stake as banks fret over risks Feb 21st
Money would be buffer for any fresh financial problems
.... More »
Regulators looking to strengthen banks’ cyber defences
– canadianbusiness.com
WASHINGTON – Federal regulators are looking to set up new standards for big banks’ planning and testing for possible cyberattacks. The aim is to bolster the banking industry’s defences amid concern over periodic security breaches at U.S. banks.
The move announced Wednesday by the Federal Reserve, the Federal Deposit Insurance Corp. and a Treasury Department banking agency is designed to get banks’ senior executives and directors to pay closer attention to cybersecurity, agency officials said.
Fed Chair Janet Yellen has said that cybercrime is a “very significant threat.”
The proposal, open to public comment for three months, would apply to banks with $50 billion or more in assets. That would affect several dozen major banks and a few big insurance companies, all deemed to be so interconnected with the financial system that a cyberattack against one of them could shake the system’s stability.
In a stunning incident early this year, hackers diverted $101 million from the Bangladesh central bank’s account at the New York Federal Reserve…
The move announced Wednesday by the Federal Reserve, the Federal Deposit Insurance Corp. and a Treasury Department banking agency is designed to get banks’ senior executives and directors to pay closer attention to cybersecurity, agency officials said.
Fed Chair Janet Yellen has said that cybercrime is a “very significant threat.”
The proposal, open to public comment for three months, would apply to banks with $50 billion or more in assets. That would affect several dozen major banks and a few big insurance companies, all deemed to be so interconnected with the financial system that a cyberattack against one of them could shake the system’s stability.
In a stunning incident early this year, hackers diverted $101 million from the Bangladesh central bank’s account at the New York Federal Reserve…
At midday: TSX rises with commodities
– theglobeandmail.com
Energy, banks push Wall Street higher, Intel limits gains
