The best banks in Canada + MORE Oct 16th

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The best banks in Canada

– moneysense.ca

The best banks in CanadaMost Canadians are aware of the Big Five banks: RBC, TD, Scotiabank, BMO and CIBC. And some may even know that occasionally National Bank of Canada sneaks in and expands that list to six. But even with these accounted for, there are dozens of banks in this country, each offering its own suite of personal banking products and services. Finding the “best” is tricky, especially because it depends on the individual’s needs. Nonetheless, there are some standouts. In this article, we take a look at customer offerings from some of the best, so you can decide which works for your personal banking needs.

Summary
Best best banks in Canada

Scotiabank — Best big bank
Tangerine — Best for no-fee banking
EQ Bank — Best for everyday savings
PC Financial — Honourable mention

The best big bank for everyday banking: Scotiabank
Scotiabank was founded in 1832 and has since grown its assets to more than $850 billion, which puts it in the number three spot among the Big Five by asset size…

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Making sense of the markets this week: October 19Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
10 moat-y Canadian stocks that are on sale
In investing terminology when a company is described as having a “moat,” that means it has a protective barrier, just as a moat around a castle would provide protection from invaders. A moat means a company has limited or virtually no competition. Depending on the level of moat, there are few, or virtually no companies attacking their revenues or profits.
This article from Ruth Saldanha of Morningstar caught my eye: 10 Cheap Moat-y Canadian Stocks. 
Morningstar identifies groups of companies with an economic moat and, in the best of conditions, a wide moat. The wide moat group is an exclusive lot, with Royal Bank of Canada, TD Bank, Enbridge, Canadian National Railway and CN Railway making the list. 
From that post … 
“Today we decided to look at Canadian stocks that are trading below our fair value estimates and also have an economic moat…

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