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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European markets up after ECB, Bank of England keep rates low Jul 5th
World stocks shrugged off worries over political turmoil in Egypt and rallied strongly Thursday on optimism that easy monetary policy from central banks in Europe is set to continue for some time to come. .... More »
Best No-Fee Bank Accounts in Canada + MORE Oct 6th
Tired of paying monthly fees when you bank? If so, you may want to consider switching to a no-fee bank account. Unfortunately, Canada’s big banks offer little in the way of free chequing accounts, unless you can maintain a high balance in your account each month.
If you’re willing to con.... More »
Travelling to Greece? Bring cash and cards + MORE Jun 29th
Customers queue in front of the National Bank to use ATM to withdraw cash on June 28, 2015 in Athens, Greece. (Photo by Milos Bicanski/Getty Images)
—Updated on Monday, June 29 at 5:35 p.m.—
The government of Canada is advising visitors to Greece to bring enough cash to cover unexpected to trav.... More »
Undervalued dividend-payers Jun 11th
Most investors prefer banks for stable dividend-paying stocks, but what about asset managers? They’ve underperformed banks so far this year, but analyst Scott Chan of Canaccord Genuity says returns should pick up as more money moves into equities. These three companies pay good dividends and have .... More »
Could Covid-19 Cause Cashless Payments to Be the New Normal? Jun 23rd
It’s hard to pay from six feet away.
Plus, the idea of touching cash is making many queasy these days, which is why the COVID-19 pandemic may be speeding up the move to a cashless society.
According to a recent survey by Payments Canada, which compared spending behaviours pre-COVID-19 and at five.... More »
Rent or buy?
– moneysense.ca
Canadian homes are not overvalued, especially when compared to rental costs, BMO said Friday citing Vancouver as the exception. The Organization for Economic Co-operation and Development (OECD) recently claimed that Canadian home prices are 64% overvalued. “We can confidently dispel the notion that Canadian home prices are egregiously overvalued versus rents, but they’re not cheap either,” said BMO’s Robert Kavcic in a release. Generally speaking, renting Toronto condo for instance is best suited for those a with a shorter time horizon, Kavcic said. “Young families with a longer time horizon in the detached market should not be deterred from buying, but also shouldn’t expect wealth gains like those of the past decade.”
Canadian banks starting raising their 5-year fixed-rate mortgages this past week. According to Canadian Business blogger Larry MacDonald, the data suggests the changes won’t sink the housing market.
In the market for a value health care stock? Cigna may be one of the best deals around, says Bryan Borzykowski…
Canadian banks starting raising their 5-year fixed-rate mortgages this past week. According to Canadian Business blogger Larry MacDonald, the data suggests the changes won’t sink the housing market.
In the market for a value health care stock? Cigna may be one of the best deals around, says Bryan Borzykowski…
