The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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Economists to push for fiscal restraint in pre budget meeting with Morneau + MORE Feb 14th
OTTAWA _ With so much uncertainty surrounding trade and competitiveness, private-sector economists will press Finance Minister Bill Morneau to keep his fiscal powder dry when they gather later this week for a pre-budget meeting.
Morneau is scheduled to sit down Friday in Toronto with leading economi.... More »
Financial Institution Numbers for All Canadian Banks Apr 1st
You can identify Canadian financial institutions by their bank institution number, which is always three digits long. Bank customers need this number anytime they want to set up a direct deposit or preauthorized payment or receive a wire transfer into their account.
How to Locate Canadian Bank Insti.... More »
Bank executives defend oversight of sales practices in testimony to MPs + MORE Jun 13th
Executives from Canada's big banks defended the way they do business Monday, saying they take steps to make sure that employees don't engage in questionable sales practices..... More »
Canada's Big 5 bank CEOs pay rises 6.5% to $54M in 2018 Mar 14th
The chief executives of Canada's five largest banks collectively earned roughly $63.2 million in total compensation during the 2018 financial year, up about 12 per cent from the previous year..... More »
At midday: Financial stocks lead TSX higher + MORE Jan 17th
Tech, industrials lead Wall Street higher, banks drop
.... More »
Complaints against banks are on the rise. This is why
– theglobeandmail.com
In the last year couple of years, complaints to third-party agencies that investigate disputes between banks and their clients have risen significantly
Canadian home prices post record February increase
– macleans.ca
(Jonathan Hayward/CP)TORONTO – Canadian home prices posted a record jump for the month of February, fuelled by the Toronto, Hamilton and Vancouver markets.
The Teranet-National Bank national composite house price index gained 1.0 per cent for the month, the largest February increase in the 18-year history of the index.
Toronto soared a record 1.9 per cent, while Hamilton gained 1.4 per cent, also a record increase. Vancouver added 1.4 per cent.
However the story wasn’t the same across the country as seven of the 11 major cities tracked posted a drop for February. Halifax slipped 1.9 per cent, while Calgary fell 1.3 per cent.
Compared with a year earlier, the index was up 13.4 per cent, the largest 12-month increase since 2006.
MORE: How Canada’s big banks pumped up the housing bubble
The year-over-year jump was due to a record 23.0 per cent increase in Toronto and a 19.7 per cent gain in Hamilton, also a record.
National Bank senior economist Marc Pinsonneault said the Toronto market was “especially worrisome…
