Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
How Do Negative Interest Rates Work? + MORE Dec 22nd
Bank of Canada Governor Stephen Poloz has made a bit of a name for himself as a loose cannon – from “spaghetti sauce” metaphors to branding the economy’s prospects as “atrocious”, his comments tend to make headlines. His most recent comment is no exception, as he.... More »
Canadian Tire Rewards: How to earn CT Money with the Triangle Rewards program and Triangle Mastercard May 24th
If you’re Canadian, chances are you’ve shopped at Canadian Tire. The retailer, established nearly 100 years ago to sell tires, has steadily expanded into a one-stop shop for everything home, automotive and outdoors, which means customers can find everything from patio furniture to hockey equipme.... More »
Unusually large swarm of icebergs drifts into shipping lanes - Herald-Whig + MORE Apr 6th
Herald-WhigUnusually large swarm of icebergs drifts into shipping lanesHerald-WhigThis March 2017 photo released by the U.S. Coast Guard and made by a robotic camera aboard a reconnaissance aircraft, shows icebergs floating near the Grand Banks of Newfoundland in the North Atlantic Ocean. There were.... More »
A 2.5% high interest savings account sounds better than it is + MORE Apr 17th
The battle for your cash is on. A recent survey for the newly re-branded Tangerine found that 59% of Canadians expect a tax refund this year with 37% banking on a refund of $1,000 or more. It’s no wonder online banks including Tangerine as well as PC Financial have both announced 2.5% promotio.... More »
Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results - CBC News + MORE Nov 30th
Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results CBC NewsIgnore the noise, buy Canadian banks: portfolio manager BNN BloombergBank earnings: Expert reaction as CIBC, RBC, TD report results BNN BloombergA breakdown of the big .... More »
Banks Short Interest, as at 30 August 2013
– financialsector.blogspot.com
Scotia Capital, 12 September 2013
• Canadian banks continue to be heavily shorted relative to U.S. major banks (see our April 29, 2013 report Canadian Banks Short Interest Ratio Higher Than Prior to Lehman Collapse), based on the most recent data, August 30, by the TSX and NYSE.
Implications
• Canadian banks short interest ratio declined modestly in August to 9.4 trading days compared to 10.6
Confused By Mortgage Headlines? You’re Not Alone
– ratesupermarket.ca
Good or bad – finance headlines these days just can’t seem to make up their minds when it comes to Canada’s housing market. Somber market crash warnings are followed up with optimistic sales and demand reports, only to be quashed again by fears of rising rates. It’s no wonder that today’s rapid-fire digital news climate leaves readers confused over the real message.
The recent bout of conflicting mortgage news serves as a prime example.
This week, Huffington Post Canada reported that Canadian mortgage debt had doubled in the past four years. The article had noted that mortgage debt leapt to $879 billion in June, 2013, from $436.6 billion in June, 2009.
The comments section was flooded with remarks from more than 80 livid readers (and a few trolls), some exasperated with the uncanny rise in mortgage debt while many poked holes in the story.
According to readers who commented, Canadian banks adjusted their accounting standards for mortgages in 2011, counting securitized mortgages as part of their overall mortgage holdings – a facet that wasn’t part of the tally in previous years…
Confused By Mortgage Headlines? You’re Not Alone
– ratesupermarket.ca
Good or bad – finance headlines these days just can’t seem to make up their minds when it comes to Canada’s housing market. Somber market crash warnings are followed up with optimistic sales and demand reports, only to be quashed again by fears of rising rates. It’s no wonder that today’s rapid-fire digital news climate leaves readers confused over the real message.
The recent bout of conflicting mortgage news serves as a prime example.
This week, Huffington Post Canada reported that Canadian mortgage debt had doubled in the past four years. The article had noted that mortgage debt leapt to $879 billion in June, 2013, from $436.6 billion in June, 2009.
The comments section was flooded with remarks from more than 80 livid readers (and a few trolls), some exasperated with the uncanny rise in mortgage debt while many poked holes in the story.
According to readers who commented, Canadian banks adjusted their accounting standards for mortgages in 2011, counting securitized mortgages as part of their overall mortgage holdings – a facet that wasn’t part of the tally in previous years…
