Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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What can I hold in an FHSA? Jan 9th
Would Canadians have access to different account types such as GICs and self-directed investing when it comes to the new tax-free first home savings account, which is rumoured to be introduced this year?It seems this would only make sense as it’s the case with other tax-sheltered accounts (i.e.... More »
Best Credit Card Welcome Offers of December 2019 Dec 3rd
The holiday season is upon us and the shopping has already begun. You may be making multiple trips to the store or cashing in on some cyber deals, but do you have a credit card that is rewarding you for your spending? Now may be the best time to benefit from a great credit card welcome offer, espec.... More »
What to expect for GICs in 2024 Nov 21st
In late 2020, major banks were offering 5-year guaranteed investment certificates (GICs) with rates of less than 1%. Now, just three years later, bank GIC rates for 5-year terms are over 4%. Some credit unions and trust companies are offering rates over 6% for short-term GICs, though 4- and 5-ye.... More »
Canadian Banks' AT1s join selloff after Credit Suisse rescue - BNN Bloomberg + MORE Mar 20th
Canadian Banks' AT1s join selloff after Credit Suisse rescue BNN BloombergPosthaste: Three things to watch as the world teeters on the edge of a banking crisis Yahoo Canada FinanceCredit Suisse rescue eases crisis fears, First Republic shares dive The Globe and MailA.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Jul 18th
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Bank of Montreal to open new ‘urban campus’ at the Toronto Eaton Centre
– canadianbusiness.com
TORONTO _ The Bank of Montreal is taking over a four-storey space in the Toronto Eaton Centre in a bid to attract the high-tech talent it needs to bring ideas to the market quicker.
The bank’s plans, unveiled on Thursday, include an “urban campus” that will take over a portion of Sears Canada’s former digs at the mall and house 3,500 employees when it opens in 2021.
Chief executive Darryl White called it “central to the business transformation underway at BMO.”
“We are changing the way we work all across the bank and through the strategic partnerships that we create…so that we can move faster and take new ideas to our customers quickly,” he said to a crowd of hundreds of his employees, who had gathered at the mall for the announcement.
In recent years, the large Canadian banks have been competing for talent. Last year, Scotiabank opened its “digital factory” compete with a bowling alley and speakeasy to attract highly skilled workers…
The bank’s plans, unveiled on Thursday, include an “urban campus” that will take over a portion of Sears Canada’s former digs at the mall and house 3,500 employees when it opens in 2021.
Chief executive Darryl White called it “central to the business transformation underway at BMO.”
“We are changing the way we work all across the bank and through the strategic partnerships that we create…so that we can move faster and take new ideas to our customers quickly,” he said to a crowd of hundreds of his employees, who had gathered at the mall for the announcement.
In recent years, the large Canadian banks have been competing for talent. Last year, Scotiabank opened its “digital factory” compete with a bowling alley and speakeasy to attract highly skilled workers…
Canadian banks wrap up solid quarter with TD bank beating expectations
– canadianbusiness.com
TORONTO _ Canada’s biggest banks wrapped up another solid quarter of better-than-expected results, shrugging off hefty writedowns and worries about the domestic housing market with robust growth beyond the country’s borders.
TD, the last of the big banks to report its results, said Thursday it earned $2.353 billion for the period ended Jan. 31, marking a seven per cent drop from the same period in 2017.
But after adjusting for one-time items, TD Bank reported adjusted diluted earnings of $2.946 billion or $1.56 per share, a 15 per cent jump from the previous year, beating expectations.
Collectively, the five biggest banks including Royal Bank of Canada, TD Bank, Bank of Montreal, Scotiabank and the Canadian Imperial Bank of Commerce, earned more than $10-billion for the three-month period. That marks a 4.4 per cent drop from roughly $10.46 billion in the first quarter of 2017.
Earnings for lenders with a U.S. footprint this quarter were hit by one-time charges to adjust for a major U…
TD, the last of the big banks to report its results, said Thursday it earned $2.353 billion for the period ended Jan. 31, marking a seven per cent drop from the same period in 2017.
But after adjusting for one-time items, TD Bank reported adjusted diluted earnings of $2.946 billion or $1.56 per share, a 15 per cent jump from the previous year, beating expectations.
Collectively, the five biggest banks including Royal Bank of Canada, TD Bank, Bank of Montreal, Scotiabank and the Canadian Imperial Bank of Commerce, earned more than $10-billion for the three-month period. That marks a 4.4 per cent drop from roughly $10.46 billion in the first quarter of 2017.
Earnings for lenders with a U.S. footprint this quarter were hit by one-time charges to adjust for a major U…
