Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
How does a reverse mortgage work in Canada? + MORE Aug 29th
More than ever, Canadians are relying on reverse mortgages—a “don’t-pay-till-you-die” option to borrow up to 55% of the appraised value of your home—and the trend is turning conventional wisdom about debt and retirement on its head. While past generations fought hard to avoid debt in their.... More »
Wall Street might have been a safer place if it had been “Lehman Sisters” Dec 16th
Bank of Canada deputy governor Carolyn Wilkins. (Fred Lum/Globe and Mail/CP)
Bank of Canada senior deputy governor Carolyn Wilkins delivered a lecture in London this fall on the perils of economic life in a time of ultra-low interest rates. By making money incredibly cheap, central banks have create.... More »
Five things to watch for in the Canadian business world in the coming week Jan 10th
TORONTO – Here are five things to look for in Canadian business this week:
Housing data: Canada Mortgage and Housing Corp. releases data Monday on the number of housing starts in the country for December. The figures will be scrutinized by policy-makers following what has been a robust year fo.... More »
Big banks may not follow Bank of Canada if central bank cuts rate + MORE Jul 15th
OTTAWA – Canada’s big banks may resist the urge to pass on to borrowers the full benefit if the Bank of Canada decides to reduce its key interest rate on Wednesday, a reluctance that could anger borrowers.
CIBC analyst Robert Sedran suggested a 25-basis-point cut in the central bankR.... More »
Now Markets Get to Vote on Greece's New Government + MORE Jan 31st
Depositors continue to flee the banks, and Greek 10-year bond yields rose roughly two percentage points this week..... More »
Domestic banks’ cross-border shopping spree paying off
– theglobeandmail.com
Canadian players paid top dollar to acquire U.S. assets, but are now reaping rewards as economy slows at home
Consumers love credit cards, but banks love them even more.
