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.
Latest News
Cardi B. and Elon Musk Think We’re Headed for a Recession Jun 9th
Tesla CEO Elon Musk and rapper Cardi B. are sounding the alarm on the economy.
Last week, in an email to Tesla executives titled “pause all hiring worldwide,” Musk said he had a “super bad feeling” about the economy and told executives to cut 10 per cent of jobs at the company. (Sin.... More »
How to save on foreign exchange fees on vacation Jun 4th
OTTAWA – There are credit cards for major expenses like flights and hotels, Uber for getting around and Android or Apple Pay on smartphones.
But travellers still need at least a little cash if they’re vacationing outside of Canada this summer, and that means swapping loonies for euros, yuan or o.... More »
Canadians mostly happy with grocers despite bread price fixing scheme: survey + MORE Feb 21st
TORONTO _ A new survey suggests Canadians still have a strong relationship with their grocer _ with only about a third of respondents saying their view of their favoured retailer has worsened following revelations of an alleged industry-wide bread price-fixing scandal.
The annual online survey by Ar.... More »
The best GIC rates in Canada for 2025 Apr 21st
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
How to Tackle High-Risk Debt Nov 26th
Stressed out about your debt? You’re not alone – high debt levels are becoming an unsustainable issue for more than a third of Canadians; a recent survey from Manulife finds respondents are increasingly covering daily costs by turning to credit cards, borrowing from family, and selling .... More »
Chinese regulators blame trading frenzy that roiled stock markets on computer design error
– canadianbusiness.com
BEIJING, China – A trading frenzy that caused Chinese stock prices to swing wildly last week was caused by a design flaw in a brokerage’s computer, the market regulator said Sunday.
The avalanche of orders Friday from Everbright Securities Ltd. caused China’s main market index to surge nearly 6 per cent in 3 minutes before it dropped back. It ended the day down 0.6 per cent.
The China Securities Regulatory Commission said its investigators concluded the buying frenzy was not the result of human error. It said Everbright’s computer system had design flaws in systems that should limit orders and prices.
A statement on the agency’s website gave no indication whether Everbright might face penalties.
Everbright’s orders caused trading volume to spike up more than 50 per cent above Thursday’s level. Prices of major companies such as PetroChina Ltd. and state-owned banks surged by their maximum daily limit of 10 per cent before falling back.
Everbright’s orders totalled 23…
The avalanche of orders Friday from Everbright Securities Ltd. caused China’s main market index to surge nearly 6 per cent in 3 minutes before it dropped back. It ended the day down 0.6 per cent.
The China Securities Regulatory Commission said its investigators concluded the buying frenzy was not the result of human error. It said Everbright’s computer system had design flaws in systems that should limit orders and prices.
A statement on the agency’s website gave no indication whether Everbright might face penalties.
Everbright’s orders caused trading volume to spike up more than 50 per cent above Thursday’s level. Prices of major companies such as PetroChina Ltd. and state-owned banks surged by their maximum daily limit of 10 per cent before falling back.
Everbright’s orders totalled 23…
Billions in the balance, creditors opposing Detroit bankruptcy face deadline to log objections
– canadianbusiness.com
DETROIT – Banks, bond insurers, employee pension systems and others standing to lose big if a federal judge declares Detroit insolvent are expected to legally file their objections to the largest municipal bankruptcy in U.S. history.
Monday is the deadline for creditors to file eligibility objections to Detroit’s bankruptcy petition — marking the beginning of legal challenges for those hoping to recoup all or most of what Detroit owes them.
The deadline is just one of several steps that could lead to federal Judge Steven Rhodes allowing Detroit into bankruptcy protection while it restructures. Conversely, it also could spell disaster for the struggling city if its petition is denied, allowing creditors to sue Detroit if it defaults on payments, said bankruptcy expert Doug Bernstein.
State-appointed emergency manager Kevyn Orr filed for bankruptcy July 18. He claims the city has at least $18 billion in liabilities, from underfunded pensions and health care costs to bonds that lack city revenue to be paid off…
Monday is the deadline for creditors to file eligibility objections to Detroit’s bankruptcy petition — marking the beginning of legal challenges for those hoping to recoup all or most of what Detroit owes them.
The deadline is just one of several steps that could lead to federal Judge Steven Rhodes allowing Detroit into bankruptcy protection while it restructures. Conversely, it also could spell disaster for the struggling city if its petition is denied, allowing creditors to sue Detroit if it defaults on payments, said bankruptcy expert Doug Bernstein.
State-appointed emergency manager Kevyn Orr filed for bankruptcy July 18. He claims the city has at least $18 billion in liabilities, from underfunded pensions and health care costs to bonds that lack city revenue to be paid off…
Billions in the balance, creditors opposing Detroit bankruptcy face deadline to log objections
– macleans.ca
DETROIT – Banks, bond insurers, employee pension systems and others who believe they are…
