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
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 »
NADA: Used-car prices for newer models likely to drop this year; 5 to 8 year old cars stable Jan 25th
NEW ORLEANS – Boosted by rising employment, home values and housing construction, Americans will buy 16.4 million new cars and light trucks this year.
That’s the prediction from the National Automobile Dealers Association, which is meeting in New Orleans.
Economist Steve Szakaly (ZAK-uh-.... More »
Here’s how to protect your portfolio if interest rates go negative + MORE Apr 7th
Denmark’s central bank, seen here, charges its depositors reverse interest rates. (Ulrik Jantzen/Bloomberg/Getty)
A few years ago, the notion of negative interest rates was a purely academic discussion. But after the Bank of Canada said in December that its overnight rate could fall below zero—a.... More »
The best GIC rates in Canada for 2025 Jan 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.
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MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Canadian banks offering more smartphone apps Jul 14th
Smartphones promise to be the next big thing in consumer banking, holding the promise of everything from fewer trips to the local bank branch or ATM to the convenience of tap-and-go payments at retail outlets. But first, a number of hurdles still need to be overcome..... More »
Why the U.S. influence on Canadian yields might really hurt this time
– theglobeandmail.com
Rising rates force banks to pay more for funding, which leads to higher loan and mortgage rates
INFOGRAPHIC: Busting The Top Travel Insurance Myths
– ratesupermarket.ca
Packing your bags for a long-awaited late summer vacation? Don’t leave home without the right travel insurance! Getting sick or injured in another country – or even out of your home province – can cost tens of thousands of dollars – yet 36 per cent of vacationers say falling ill isn’t a major concern.While travel insurance may seem an annoying add on, paying an arm and a leg for foreign medical care will make you feel really sick. Check out the infographic below, the latest edition of RateSupermarket.ca’s Cost Of study, to bust the biggest misconceptions about travel insurance, and how you can save on your premiums.
Click here to compare travel insurance
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Save even more on your travel costs! Renting a car while out of town? Check with your credit card company before signing on the dotted line…
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.
Preview of Banks’ Q3 2013 Earnings
– financialsector.blogspot.com
Scotia Capital, 19 August 2013
Banks begin reporting third quarter earnings on August 27. We expect underlying operating earnings to increase 4% YOY and 3% QoQ. Our earnings estimates are in line with consensus. ROE 17.0% (18.0% excluding TD), RRWA at 2.25% (2.31% excluding TD).
Implications
• We expect Wholesale
earnings to remain strong, up slightly both sequentially and YoY. Domestic/Retail
