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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Why banks are so slow to lower lending rates, but so quick to hike them + MORE Jul 15th
(iStock)
Canada’s biggest banks raised their prime interest rates one after another this week following the Bank of Canada increase of its policy rate to 0.75 per cent from 0.5 per cent. The base lending rate at the Big Six now is 2.95 per cent, compared with 2.7 per cent before the central bankâ.... More »
Variable mortgage rates regaining traction as Bank of Canada cuts rates Sep 6th
The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.
The rate cut prompted big commercial banks to lower their prime rates, which are used to set the r.... More »
The best Visa credit cards in Canada for 2024 Nov 7th
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Compare your Visa options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and more.
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The best high-interest savings accounts in Canada for 2025 + MORE Mar 25th
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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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The Best American Express® Credit Cards in Canada Oct 28th
It is a long-held belief that Amex® cards are just for the wealthy – but their current selection of cards should help to dispel that myth. From no-fee cards with low balance transfer offers, to top tier cards with VIP benefits and comprehensive travel insurance, there really is something for eve.... More »
At midday: TSX lower as Home Capital, big banks weigh
– theglobeandmail.com
Wall Street slips as retailer woes continue
The Globe and MailAt midday: TSX lower as Home Capital, big banks weighThe Globe and MailCanada's main stock index slipped on Friday morning after alternative lender Home Capital Group Inc acknowledged uncertainty about its ability to continue as a going concern. The heavyweight financials group slipped 0.8 per cent overall. Home Capital …Home Capital warns its failure would have significant 'knock-on effects' in the mortgage marketFinancial PostMeet the man who's betting Home Capital will fail: WellsToronto StarThe pitfalls of blending public and privateHamilton SpectatorReuters Canadaall 44 news articles »
The Globe and MailAt midday: TSX lower as Home Capital, big banks weighThe Globe and MailCanada's main stock index slipped on Friday morning after alternative lender Home Capital Group Inc acknowledged uncertainty about its ability to continue as a going concern. The heavyweight financials group slipped 0.8 per cent overall. Home Capital …Home Capital warns its failure would have significant 'knock-on effects' in the mortgage marketFinancial PostMeet the man who's betting Home Capital will fail: WellsToronto StarThe pitfalls of blending public and privateHamilton SpectatorReuters Canadaall 44 news articles »
What does it mean that a foreign company has downgraded Canadian banks again?
