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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The best credit cards for airport lounge access in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Before It’s Too Late! Best Credit Card Welcome Offers of July 2019 Jul 5th
We usually sign up for credit cards because of special features and benefits – from cash-back earning rates to travel perks to balance transfer offers. And one feature that may make or break your decision between one credit card or another is the welcome promotion – a special bonus that adds .... More »
The best GIC rates in Canada for 2024 May 27th
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The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Look outside the Big Banks box for best savings rates Nov 14th
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Aggressive Acquisition Strategy Hits Scotiabank’s Stock Price as Investor Skepticism Mounts Sep 13th
The Globe and Mail, Tim Kiladze, 12 September 2018
After a stunning run of acquisitions, Bank of Nova Scotia is feeling the heat. Shares of Canada’s third-largest lender are suffering relative to rival Big Six banks, and the pressure is on management to prove its recent spate of deals was worth i.... More »
Major Canadian banks under review for business practices
– macleans.ca
ShutterstockOTTAWA – Canada’s financial consumer watchdog said on Wednesday it was launching a review of business practices among the country’s major banks following reports citing unnamed employees who alleged that the lenders were selling services without the consent of their customers.
Lucie Tedesco, commissioner of the Financial Consumer Agency of Canada, said she is concerned by the allegations and issued a statement reminding the lenders of their obligations to obtain prior consent before increasing credit limits and providing clients with new products.
“Financial institutions’ compliance with these rules is non-discretionary and the message must be disseminated from the boards of directors on down to customer-facing staff,” Tedesco said.
“Through the industry review we are announcing today, we will examine financial institutions’ business practices in relation to express consent and disclosure, including the identification of any factors that may be contributing to non-compliance…
Canada’s financial consumer watchdog is launching a review of business practices among the major banks following reports citing unnamed employees who alleged the lenders were signing customers up for services without their consent.
'We are all doing it': Employees at Canada's 5 big banks speak out about pressure to dupe customers
– cbc.ca
Employees from all five of Canada’s big banks have flooded Go Public with stories of incredible pressure to meet sales targets — at any cost.
CBC.caConsumer watchdog launches bank review in wake of CBC storiesCBC.caCanada's top consumer watchdog says it is reviewing business practices at Canada's federally-regulated charter banks starting next month, following a CBC investigation that has uncovered reports of troubling sales practices at Canada's major financial …Canadian banks face increased scrutiny under Financial Consumer Agency investigationBNNFinancial Consumer Agency Probes Canadian Banks After TD AllegationsHuffington Post CanadaCanadian Banks Under Review on Report of High-Pressure TacticsBloombergall 13 news articles »
CBC.caConsumer watchdog launches bank review in wake of CBC storiesCBC.caCanada's top consumer watchdog says it is reviewing business practices at Canada's federally-regulated charter banks starting next month, following a CBC investigation that has uncovered reports of troubling sales practices at Canada's major financial …Canadian banks face increased scrutiny under Financial Consumer Agency investigationBNNFinancial Consumer Agency Probes Canadian Banks After TD AllegationsHuffington Post CanadaCanadian Banks Under Review on Report of High-Pressure TacticsBloombergall 13 news articles »
