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?
Latest News
Mortgage battle escalates as Scotiabank offers 2.97% five-year rate + MORE May 28th
Rate now the lowest among Canada’s big banks
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Unsecured or Secured Credit Cards – What’s the Difference? May 10th
Are you looking for secured credit cards? Not sure if you should open a secured or unsecured card? If you’re rebuilding your credit score, a secured credit card can help you get your credit back on track. An unsecured credit card requires you to have established credit and can often include t.... More »
Italian banks under glare as EU stress tests results due + MORE Jul 29th
MILAN – The spotlight is on Italy’s troubled banks as regulators prepare to release the results Friday of stress tests of EU lenders that will show how much money the country’s financial sector, the most troubled in the region, needs to avoid rekindling a eurozone crisis.
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TD, CIBC hoping to shrug off choppy first-quarter earnings - The Globe and Mail + MORE Mar 1st
TD, CIBC hoping to shrug off choppy first-quarter earnings The Globe and MailCredit quality is deteriorating in Canada, and banks are feeling the impact Financial PostTD misses profit estimates by wide margin, raises dividend BNNBloomberg.caFirst-quarter earnings for.... More »
Is Wealthsimple’s new direct indexing worth it? Apr 2nd
Wealthsimple, the country’s largest and most aggressive fintech challenger to the big six banks, has been steadily rolling out new features over the past year, each aimed at giving retail investors access to tools that were once reserved for institutions or high-net-worth clients.
Back in Decem.... More »
Bank Of Canada Rate Bias: Why It Matters
– ratesupermarket.ca
The overnight lending rate is arguably the most important interest rate in the country. It sets the prime rate for banks and the tone for Canada’s economic health. A dramatic shift in this key lending rate can indicate the economy is trouble or in need of immediate repair.
In its last interest rate announcement on May 29, the Bank of Canada said it’s maintaining the key interest rate at one per cent, where it’s been since September 2010. In the history of Canada’s central bank, the rate has never remained unchanged at such a low level for so long.
Understanding Interest Rate Bias
When there is no movement in the overnight interest rate, newsmakers and economists turn to the “bias” in the Bank of Canada announcement for economic indicators. This hints at where the Bank sees rates going in the short to medium term future. The anticipation surrounding this bias is capable of moving the market, as the possibility of shifting rates spur investors into action.
The bias can be as obvious as the Bank of Canada governor saying he expect rates to rise in the next few months, which the outgoing BoC governor Mark Carney had often indicated…
Bank Of Canada Rate Bias: Why It Matters
– ratesupermarket.ca
The overnight lending rate is arguably the most important interest rate in the country. It sets the prime rate for banks and the tone for Canada’s economic health. A dramatic shift in this key lending rate can indicate the economy is trouble or in need of immediate repair.
In its last interest rate announcement on May 29, the Bank of Canada said it’s maintaining the key interest rate at one per cent, where it’s been since September 2010. In the history of Canada’s central bank, the rate has never remained unchanged at such a low level for so long.
Understanding Interest Rate Bias
When there is no movement in the overnight interest rate, newsmakers and economists turn to the “bias” in the Bank of Canada announcement for economic indicators. This hints at where the Bank sees rates going in the short to medium term future. The anticipation surrounding this bias is capable of moving the market, as the possibility of shifting rates spur investors into action.
The bias can be as obvious as the Bank of Canada governor saying he expect rates to rise in the next few months, which the outgoing BoC governor Mark Carney had often indicated…
