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
Gold, silver prices weaker, but look for traders to - Kitco NEWS + MORE Jan 31st
Gold, silver prices weaker, but look for traders to Kitco NEWSGold Prices Down Amid WHO's Comments on Virus Control, China Data Investing.comA bullish signal for Canada’s banks, the SNC-Lavalin rally isn’t over, and why gold is setting up for a fall The Globe and.... More »
Interac is expanding—first up, Wealthsimple e-transfers will get easier Sep 29th
You’ve probably used an Interac e-Transfer to pay a friend back for dinner, split the rent with a roommate, send birthday money to your nephew or put money into your account at another bank. This service is quick and convenient if you’re a customer at a major bank or a credit union—but if you .... More »
Debt collection in Canada: What collectors can and can’t do Dec 15th
When bills go unpaid, that’s when the calls from creditors can start. At home, at work, by phone or mail—they’ll reach out in every way they can to get you to pay.
Debt collectors are obligated to follow specific rules about how they make contact and what information they can request; h.... More »
Making sense of the markets this week: September 6, 2021 Sep 4th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The rich get richer as rates go lower
We know that lower rates set by central banks help to stimulate economic growth by providing cheap money. On the flipsi.... More »
RBC InvestEase Review: Can a Big Bank Robo-Advisor Stack Up to the Competition? Dec 17th
With the surge in popularity of robo-advisor platforms like Wealthsimple in recent years, it was only a matter of time before Canada’s big banks got in on the action. RBC made its foray into Canada’s robo-advisor scene in 2018 when they launched RBC InvestEase. In this RBC InvestEase review, Iâ€.... More »
Streetwise newsletter: Banks lack controls to prevent customers being misled, watchdog finds; Aecon takeover by Chinese firm could fail over security concerns, analyst says
– theglobeandmail.com
Also: U.S. Federal Reserve keeps stress-test clamp on banks amid Dodd-Frank rewrite
Controls on sales practices at Canadian banks ‘insufficient’: watchdog
– theglobeandmail.com
Long-awaited report says ‘sharp focus on sales’ increases risk of misselling but finds no evidence of widespread misconduct
Canada’s financial consumer watchdog says there are “insufficient” controls in place at the country’s biggest banks to prevent sales of financial products that are misrepresented or unsuitable for consumers, and the banks’ sales-focused culture elevates the risk that employees may flout consumer protection rules.
