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 GIC rates in Canada for 2026 + MORE Apr 21st
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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.
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Best credit cards in Canada with free roadside assistance 2023 + MORE Jul 18th
Add “roadside assistance” to the list that includes a plunger, first-aid kit and a screwdriver small enough to fix your sunglasses: “Things you don’t realize you need, until you need them.” But this credit card perk can feel like you won the lottery when you’re stranded on the highway du.... More »
Big banks set to reveal quarterly profits as NAFTA fears and rate hikes loom Aug 21st
The big Canadian banks are set to reveal their quarterly earnings over the next week, and investors will take a close look to see whether anxiety over higher interest rates and an uncertain trade environment are hurting the economy's prospects..... More »
The 7 best credit cards for newcomers to Canada for 2023 + MORE Aug 12th
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The 7 best credit cards for newcomers to Canada for 2023
As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more.
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At midday: TSX falls as banks, consumer names weigh Jul 28th
Wall Street dragged lower by Amazon, tobacco stocks
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Banks planning to move 9,000 jobs from Britain because of Brexit
– theglobeandmail.com
Last week Standard Chartered and JPMorgan were the latest global banks to outline plans for their European operations after Brexit
What the Home Capital crisis reveals about the housing market
– canadianbusiness.com
(Jonathan Hayward/CP)In February 2016, Gerald Soloway announced he was stepping down as CEO of Home Capital Group, a mortgage provider he co-founded 30 years ago. Home Capital, based in Toronto, is an alternative or non-prime lender, issuing mortgages to people generally turned away by traditional banks, such as the self-employed or new Canadians with a limited credit history. “The team at Home Capital today is second to none,” Soloway said in a press release. “I know that the company is in great hands, and I am very confident in their ability to take Home Capital to new heights.”
.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}}How Canada’s real estate market went completely insane
Since then, the company’s share price has plummeted 78 per cent, the deposits it relies on for funding are quickly evaporating and Home Capital’s future is in doubt. The problems started in July 2015, when the firm disclosed it had cut ties with 45 mortgage brokers after an internal investigation revealed that borrower income and employment information had been falsified in order to obtain loans…
