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
Race is on to build app that corners mobile-wallet market Nov 10th
Major banks, telcos and credit card companies spending millions in bid to get consumers to abandon plastic and start paying with their smartphones
.... More »
India struggles as millions throng banks to swap currency Nov 16th
India's government said Tuesday it will use indelible ink to mark the fingers of people swapping scrapped currency notes at banks as authorities struggle to deal with the bedlam caused by the sudden demonetizing of the country's highest-denomination bills..... More »
Is your chequing account working hard enough? Jan 10th
Your chequing account could be the behind-the-scenes hero of your everyday banking activities, if you have the right one. The features can vary from bank to bank and financial institution to financial institution, so it makes sense to shop around if you’re opening a new chequing account or you wan.... More »
Priceless art at risk as extreme flooding forces Louvre to shut - CBC.ca + MORE Jun 2nd
CBC.caPriceless art at risk as extreme flooding forces Louvre to shutCBC.caThe Louvre museum in Paris says it will be closed Friday to remove artworks from rooms threatened by rising water from the Seine River. The museum says Thursday the art will be preventively moved upstairs. Its most famous pai.... More »
The best Visa credit cards in Canada for 2024 Jan 26th
Spend
The best Visa credit cards in Canada for 2024
This guide to the best Visa cards in Canada will help you narrow down the field and find a credit card that fits your lifestyle.
Compare now
powered by
W.... More »
ECB efforts include rate cuts, bond purchase offer, cheap loans, new communication style
– canadianbusiness.com
FRANKFURT – The European Central Bank on Thursday cuts its main interest rate by a quarter point to 0.25 per cent, a record low, to help the economic recovery.
The ECB is the issuer of the euro currency and serves as the top monetary authority for the eurozone and its 331 million people. The bank and its president, Mario Draghi, have played a key role in fighting the government debt crisis afflicting the 17 European Union member countries that use the euro.
Some of the key steps the ECB has taken:
LOWER INTEREST RATES: The ECB has cut its key interest rate five times since Draghi become president. Before Thursday’s cut, it last reduced rates in May. It also then cut the rate it pays banks for deposits to zero — a push for them to lend rather than hoard money.
The refinancing rate is what the bank charges on the credit it offers to eurozone banks and thereby influences interest rates on the loans banks provide to each other, businesses and consumers. Theoretically, a lower rate makes it cheaper to borrow money and expand a business…
The ECB is the issuer of the euro currency and serves as the top monetary authority for the eurozone and its 331 million people. The bank and its president, Mario Draghi, have played a key role in fighting the government debt crisis afflicting the 17 European Union member countries that use the euro.
Some of the key steps the ECB has taken:
LOWER INTEREST RATES: The ECB has cut its key interest rate five times since Draghi become president. Before Thursday’s cut, it last reduced rates in May. It also then cut the rate it pays banks for deposits to zero — a push for them to lend rather than hoard money.
The refinancing rate is what the bank charges on the credit it offers to eurozone banks and thereby influences interest rates on the loans banks provide to each other, businesses and consumers. Theoretically, a lower rate makes it cheaper to borrow money and expand a business…
Cyber 'war games' to test London banks’ response
– theglobeandmail.com
Simulated attack Nov. 12 will test their ability to deal with online attacks that could hit stock exchanges
