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
Banks in Turkmenistan halt hard currency sales as economy suffers from drop in energy prices + MORE Jan 12th
ASHGABAT, Turkmenistan – Banks in the natural gas-rich Central Asian nation of Turkmenistan have halted hard currency sales as the economy shows signs of struggling amid falling global energy prices.
Employees at banks in the capital, Ashgabat, told customers Tuesday that the ban on the sale o.... More »
Tsipras facing intense pressure from Greek creditors to back a deal as Grexit put on table Jul 12th
BRUSSELS – Greek Prime Minister Alexis Tsipras faced intense pressure Sunday to back an onerous package of austerity measures demanded by European creditors in return for a financial rescue that would prevent the collapse of the country’s banks and its potential exit from the euro.
If no.... More »
Amazon Launches Rewards MasterCard in Canada with Five Percent Cashback Jun 18th
Canadians who shop online now have the option to open an Amazon Rewards MasterCard. The new card is the product of a partnership between Amazon, MasterCard and TD Bank.
Mike Strauch, Country Manager for Amazon, announced in a public statement, “We are really excited to launch a new credit .... More »
It’s Bonus Season: 6 Credit Cards with Extra Rewards Feb 3rd
From December to February, many employees see a holiday bonus land on their desks. It’s what we call Bonus Season! To celebrate, we’ve selected six great rewards credit cards for our Bonus Season Event. On top of the great welcome offers, points, or cash back rates offered by these cards, you.... More »
The best student credit cards in Canada for 2024 + MORE Aug 30th
When you’re at a new restaurant, do you have to see the menu before you order? Or do you eat what your foodie friend says is good, knowing it’ll be amazing? The answer can help you decide how to pick a new credit card. Some people want the ability to compare their options side-by-side; others wa.... More »
Bernanke: US regulators have greater power to shut down ailing banks and combat future crises
– canadianbusiness.com
WASHINGTON – Chairman Ben Bernanke said Friday that the Federal Reserve is drafting rules to close large insolvent banks without bringing down the broader financial system, one of many steps regulators must take to prevent another financial crisis.
Bernanke said the absence of a process to deal with systemically important institutions in 2008 left regulators facing the “terrible choices of a bailout or allowing a potentially destabilizing collapse.” His comments were made at a conference sponsored by the International Monetary Fund.
The financial overhaul law passed by Congress in 2010 gave regulators better tools to close down large financial institutions, he said. The Fed and other regulators are working to implement those rules now.
“Our continuing challenge is to make financial crises far less likely and, if they happen, far less costly,” Bernanke said.
At the IMF conference, Bernanke was asked about whether enormous growth in student loan debt could trigger a future financial crisis…
Bernanke said the absence of a process to deal with systemically important institutions in 2008 left regulators facing the “terrible choices of a bailout or allowing a potentially destabilizing collapse.” His comments were made at a conference sponsored by the International Monetary Fund.
The financial overhaul law passed by Congress in 2010 gave regulators better tools to close down large financial institutions, he said. The Fed and other regulators are working to implement those rules now.
“Our continuing challenge is to make financial crises far less likely and, if they happen, far less costly,” Bernanke said.
At the IMF conference, Bernanke was asked about whether enormous growth in student loan debt could trigger a future financial crisis…
Spotlight On Mortgages: November 8, 2013
– ratesupermarket.ca
Return Of The Bubble?
Lately, the Canadian housing market has been painted as invincible – set after set of data indicate that both demand and prices continue to rise, offsetting the “cooling” effect put in place by last year’s mortgage rules, and sparking new fears that a bubble is forming.
These fiery buying conditions are further fueled by reassurances that the Canadian cost of borrowing will remain super low for the long term, as indicated in the last Bank of Canada announcement, which dropped any reference to when rates may rise again in the future.
This has already led to fears that Finance Minister Jim Flaherty will introduce new mortgage rules, like he did last summer. He has since gone on the record to say he’s sitting this round out – for now – but added he is meeting with industry developers for more insight, indicating that a day of reckoning might not be too far off.
A Global Issue
A too-hot-to-handle housing market and artificially low rates aren’t just Canada’s problem – central banks around the world have slashed their rates to record lows in order to prompt economic recovery…
Spotlight On Mortgages: November 8, 2013
– ratesupermarket.ca
Return Of The Bubble?
Lately, the Canadian housing market has been painted as invincible – set after set of data indicate that both demand and prices continue to rise, offsetting the “cooling” effect put in place by last year’s mortgage rules, and sparking new fears that a bubble is forming.
These fiery buying conditions are further fueled by reassurances that the Canadian cost of borrowing will remain super low for the long term, as indicated in the last Bank of Canada announcement, which dropped any reference to when rates may rise again in the future.
This has already led to fears that Finance Minister Jim Flaherty will introduce new mortgage rules, like he did last summer. He has since gone on the record to say he’s sitting this round out – for now – but added he is meeting with industry developers for more insight, indicating that a day of reckoning might not be too far off.
A Global Issue
A too-hot-to-handle housing market and artificially low rates aren’t just Canada’s problem – central banks around the world have slashed their rates to record lows in order to prompt economic recovery…
Business Highlights
– canadianbusiness.com
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US added unexpectedly strong 204,000 jobs in Oct.
WASHINGTON (AP) — A burst of hiring in October added a surprisingly strong 204,000 jobs to the economy in a month when the government was partly shut down for 16 days. And employers added far more jobs in August and September than previously thought.
The unemployment rate rose to 7.3 per cent from 7.2 per cent in September, the Labor Department said Friday. But that was likely because furloughed federal workers were temporarily counted as unemployed.
The surge in jobs shows the economy was stronger in October than many economists had expected. Activity at service companies and factories also accelerated last month, an earlier report showed. The figures signal that many U.S. companies shrugged off the shutdown.
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Bernanke: Fed has greater power to combat crises
WASHINGTON (AP) — Chairman Ben Bernanke says the Federal Reserve is drafting rules to close large insolvent banks without bringing down the broader financial system, one of many steps regulators must take to prevent another financial crisis…
US added unexpectedly strong 204,000 jobs in Oct.
WASHINGTON (AP) — A burst of hiring in October added a surprisingly strong 204,000 jobs to the economy in a month when the government was partly shut down for 16 days. And employers added far more jobs in August and September than previously thought.
The unemployment rate rose to 7.3 per cent from 7.2 per cent in September, the Labor Department said Friday. But that was likely because furloughed federal workers were temporarily counted as unemployed.
The surge in jobs shows the economy was stronger in October than many economists had expected. Activity at service companies and factories also accelerated last month, an earlier report showed. The figures signal that many U.S. companies shrugged off the shutdown.
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Bernanke: Fed has greater power to combat crises
WASHINGTON (AP) — Chairman Ben Bernanke says the Federal Reserve is drafting rules to close large insolvent banks without bringing down the broader financial system, one of many steps regulators must take to prevent another financial crisis…
