Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Credit Card Rewards Redemptions Are Surging During COVID-19 + MORE Sep 2nd
The number of Canadians redeeming credit card points for everyday purchases is surging during the pandemic, according to a study by CIBC. Typically, Canadians would use their credit card points to travel this time of year. However, COVID-19 continues to restrict border crossings and flights, which .... More »
EQ Bank review 2021 Apr 30th
Online-only banks are increasingly popular due to their competitive, no-fee accounts, in concert with the increasing switch to digital spurred by COVID-19. With some of the most competitive savings and GIC accounts in the country, EQ Bank is helping lead the charge.
As an online-only financial ins.... More »
Scotiabank Passport™ Visa Infinite* Review + MORE May 17th
Attention MoneyWise readers! Sign up for the Scotiabank Passport™ Visa Infinite* Card today and for a limited time, get up to 25,000 bonus points with your first $1,000 in everyday purchases in the first three months. That’s already $250-worth of rewards!
And for a limited time, get $75 IN.... More »
Als dominant in win over Ticats; move to 2-0 - CFL.ca + MORE Jun 24th
Als dominant in win over Ticats; move to 2-0 CFL.caAlouettes streamroll winless Tiger-Cats in home opener TSN'Everyone knows where I want to be': receiver Brandon Banks 'open' to return to Hamilton Tiger-Cats 3downnation.comHamilton face boos as Alouettes win Tiger-C.... More »
Canada's economy would be hurt the most if NAFTA is fully revoked, report by central banks says - The Globe and Mail + MORE Aug 26th
The Globe and MailCanada's economy would be hurt the most if NAFTA is fully revoked, report by central banks saysThe Globe and MailThe subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures. Privacy Policy · Terms & Conditions. Canada&.... More »
Canadians mostly happy with grocers despite bread price fixing scheme: survey
– canadianbusiness.com
TORONTO _ A new survey suggests Canadians still have a strong relationship with their grocer _ with only about a third of respondents saying their view of their favoured retailer has worsened following revelations of an alleged industry-wide bread price-fixing scandal.
The annual online survey by Argyle Public Relationships and Leger Research found 47 per cent of respondents said their views about their grocer didn’t change following allegations that at least seven Canadian grocers and bakery wholesalers co-ordinated the price of bread and related products for more than a decade.
Nine per cent said the revelations significantly worsened their view, while 13 per cent said it improved their opinion of their retailer.
Survey respondents over 45 years of age, as well as those who shop at Sobeys, Freshco or Loblaws were the most concerned.
The annual relationships index found Canadians’ relationship with grocers is stronger than with brands in any other category surveyed since 2016, including banks and airlines…
The annual online survey by Argyle Public Relationships and Leger Research found 47 per cent of respondents said their views about their grocer didn’t change following allegations that at least seven Canadian grocers and bakery wholesalers co-ordinated the price of bread and related products for more than a decade.
Nine per cent said the revelations significantly worsened their view, while 13 per cent said it improved their opinion of their retailer.
Survey respondents over 45 years of age, as well as those who shop at Sobeys, Freshco or Loblaws were the most concerned.
The annual relationships index found Canadians’ relationship with grocers is stronger than with brands in any other category surveyed since 2016, including banks and airlines…
TD Bank’s U.S. online, mobile platforms face outages after upgrade
– canadianbusiness.com
Toronto-Dominion Bank’s online and mobile banking platforms in the U.S. are experiencing technical difficulties after a recent upgrade, prompting customers to complain on social media.
Several of the Canadian lender’s U.S. clients have taken to Twitter to complain about problems accessing their accounts online or on the mobile app, issues which surfaced late last week after TD rolled out a technical update.
TD Bank said Wednesday it is “sorry for any inconvenience to our customers during this conversion and continue to address their questions and concerns.”
It believes the challenges are either resolved or will be addressed shortly, a TD Bank spokesman added in an emailed statement.
The lender, whose slogan south of the border is “America’s Most Convenient Bank,” also posted a statement on its website last weekend apologizing to clients for the inconvenience.
TD Bank is one of the 10 largest banks in the U.S. and provides retail, small business and commercial banking products and services to more than nine million customers at approximately 1,300 locations…
Several of the Canadian lender’s U.S. clients have taken to Twitter to complain about problems accessing their accounts online or on the mobile app, issues which surfaced late last week after TD rolled out a technical update.
TD Bank said Wednesday it is “sorry for any inconvenience to our customers during this conversion and continue to address their questions and concerns.”
It believes the challenges are either resolved or will be addressed shortly, a TD Bank spokesman added in an emailed statement.
The lender, whose slogan south of the border is “America’s Most Convenient Bank,” also posted a statement on its website last weekend apologizing to clients for the inconvenience.
TD Bank is one of the 10 largest banks in the U.S. and provides retail, small business and commercial banking products and services to more than nine million customers at approximately 1,300 locations…
TSX up and Wall St. down after bond yield surge; loonie moves lower
– canadianbusiness.com
TORONTO _ Canada’s main stock index rose and U.S. markets pared back early gains as investors reacted to a late-afternoon surge in bond yields, while the loonie dipped below 79 cents.
Bond prices fell, sending the yield on the U.S. 10-year Treasury note to its highest level in four years, following newly released minutes from the U.S. Federal suggesting bullish sentiment among policy-makers and signalling more interest rate hikes ahead.
Banks rose along with the bond yields, as the S&P/TSX composite index advanced 84.57 points to 15,524.01, helped in part by the influential financials sector.
In New York, the Dow Jones industrial average fell 166.97 points to 24,797.78. The S&P 500 index was down 14.93 points to 2,701.33 and the Nasdaq composite index gave back 16.08 points to 7,218.23.
The Canadian dollar closed at an average trading value of 78.92 cents US, down 0.31 of a U.S. cent.
The April crude contract fell back 11 cents to US$61.68 per barrel and the April natural gas contract was up three cents at US$2…
Bond prices fell, sending the yield on the U.S. 10-year Treasury note to its highest level in four years, following newly released minutes from the U.S. Federal suggesting bullish sentiment among policy-makers and signalling more interest rate hikes ahead.
Banks rose along with the bond yields, as the S&P/TSX composite index advanced 84.57 points to 15,524.01, helped in part by the influential financials sector.
In New York, the Dow Jones industrial average fell 166.97 points to 24,797.78. The S&P 500 index was down 14.93 points to 2,701.33 and the Nasdaq composite index gave back 16.08 points to 7,218.23.
The Canadian dollar closed at an average trading value of 78.92 cents US, down 0.31 of a U.S. cent.
The April crude contract fell back 11 cents to US$61.68 per barrel and the April natural gas contract was up three cents at US$2…
