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 GIC rates in Canada for 2024 Sep 30th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Bank of Canada expected to raise its key rate for first time in nearly seven years + MORE Jul 12th
The Bank of Canada is expected to raise its key interest rate target for the first time in nearly seven years on Wednesday following signs the economy is well on the road to recovery after the crash in oil prices.
Low interest rates have helped fuel the housing market in recent years, incentivizing .... More »
Mortgage broker vs. bank—which will save you more money? + MORE Jun 1st
Choosing a mortgage broker or a bank for your home loan will likely influence which mortgage you end up with. On top of that, there are pluses and minuses to both, as we detail in the table below. Before we dive into which may best suit your financial situation, let’s look at the differences betwe.... More »
India struggles as millions throng banks to swap currency Nov 16th
India's government said Tuesday it will use indelible ink to mark the fingers of people swapping scrapped currency notes at banks as authorities struggle to deal with the bedlam caused by the sudden demonetizing of the country's highest-denomination bills..... More »
Shareholders push for ethical AI use at Canada’s biggest companies Jul 23rd
When Canada’s most valuable companies hosted their annual general meetings this year, there was a new topic for shareholders to vote on among the usual requests to appoint board members and OK their executive compensation.
The proposal from Quebec-based investor rights group le mouvement d’é.... More »
Business Highlights
– canadianbusiness.com
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For ECB and Fed, Trump complicates decisions on rate policy
FRANKFURT, Germany (AP) — Donald Trump’s surprise election victory has helped solidify expectations for an interest rate increase next month by the U.S. Federal Reserve — but may have complicated a decision for the European Central Bank, which faces a difficult choice over more stimulus.
For the ECB, the issue is what to do about its bond-buying program, which pumps new money into Europe’s struggling economy each month to try to accelerate growth and inflation.
The Fed and the ECB — two of the world’s most important central banks — will be making its policy decisions before Trump is inaugurated Jan. 20, while still weighing what he might do as president.
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Trump set to roll back Obama policies on energy, environment
WASHINGTON (AP) — President-elect Donald Trump is considering an oil billionaire and a North Dakota lawmaker for top posts as he moves to roll back President Barack Obama’s environmental and energy policies and allow unfettered production of oil, coal and natural gas…
For ECB and Fed, Trump complicates decisions on rate policy
FRANKFURT, Germany (AP) — Donald Trump’s surprise election victory has helped solidify expectations for an interest rate increase next month by the U.S. Federal Reserve — but may have complicated a decision for the European Central Bank, which faces a difficult choice over more stimulus.
For the ECB, the issue is what to do about its bond-buying program, which pumps new money into Europe’s struggling economy each month to try to accelerate growth and inflation.
The Fed and the ECB — two of the world’s most important central banks — will be making its policy decisions before Trump is inaugurated Jan. 20, while still weighing what he might do as president.
___
Trump set to roll back Obama policies on energy, environment
WASHINGTON (AP) — President-elect Donald Trump is considering an oil billionaire and a North Dakota lawmaker for top posts as he moves to roll back President Barack Obama’s environmental and energy policies and allow unfettered production of oil, coal and natural gas…
SEC Chair White leaving at end of Obama administration
– canadianbusiness.com
WASHINGTON – The head of the Securities and Exchange Commission, Mary Jo White, will leave office at the end of the Obama administration, the agency said Monday.
White, a former federal prosecutor and private securities lawyer, was appointed by President Barack Obama in February 2013. Her term doesn’t end until 2019.
President-elect Donald Trump is due to take office Jan. 20 and likely will name his own choice to head the market watchdog agency in the near future. His nominee could move to unwind restrictions on Wall Street banks and corporations. The Trump transition team has set as a goal to “dismantle” the Dodd-Frank reforms law enacted in response to the 2008 financial crisis.
Paul Atkins, a former SEC commissioner who is the team’s point man for financial regulatory agencies, is an avowed opponent of regulating Wall Street.
White, an Independent, has had to forge consensus amid sometime robust opposition from the two Republicans on the five-member commission…
White, a former federal prosecutor and private securities lawyer, was appointed by President Barack Obama in February 2013. Her term doesn’t end until 2019.
President-elect Donald Trump is due to take office Jan. 20 and likely will name his own choice to head the market watchdog agency in the near future. His nominee could move to unwind restrictions on Wall Street banks and corporations. The Trump transition team has set as a goal to “dismantle” the Dodd-Frank reforms law enacted in response to the 2008 financial crisis.
Paul Atkins, a former SEC commissioner who is the team’s point man for financial regulatory agencies, is an avowed opponent of regulating Wall Street.
White, an Independent, has had to forge consensus amid sometime robust opposition from the two Republicans on the five-member commission…
