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Latest News
Meridian Review: Ontario’s Largest Credit Union vs the Big Banks Nov 25th
I don’t often have an opportunity to write a credit union review. The reason for this is that most credit unions tend to be quite small, and as such, serve a relatively small client base within a very defined (and smallish) geographical area. In short, it doesn’t work all that well for a persona.... More »
Boomer generation to inherit an estimated $750 billion + MORE Jun 6th
TORONTO – One of Canada’s big banks estimates that $750 billion will be inherited by members of the Boomer generation over the next decade.
CIBC says there are currently about 2.5 million Canadians over the age of 75 with a total net worth of $900 billion or more.
Are there ways to avoid tax on .... More »
St. Lawrence Seaway banks on El Nino, economy after traffic falls 10 per cent Dec 14th
CEO Terence Bowles had anticipated growing global demand for this shipping season, but ultimately the key transportation corridor couldn’t sustain the big upswing since the 2008 financial crash
.... More »
Willie Sutton Could Have Been a Regulator + MORE Aug 17th
A New York contretemps shows how the war on the banks has become a revenue shakedown..... More »
Traders to focus on central banks, heavy slate of economic data this week + MORE Jun 1st
TORONTO – Central banks will be the focus of investors this week as markets look to see what the Bank of Canada plans to do about hiking interest rates down the road.
On one level, there is no mystery about what the Canadian central bank won’t do and that is raise rates from one per cent.... More »
Spotlight On Mortgages: December 20, 2013
– ratesupermarket.ca
Homeowners are increasingly taking control of their home financing options – and are enjoying savings as a result – according to the comprehensive housing market report released by CMHC this Wednesday.
According to the 2013 edition of the Canadian Housing Observer, an annual market tome released by the crown corporation, there is a growing trend in mortgage rate negotiation, taking advantage of prepayment options, and growing home equity at a faster pace.
It Pays To Question The Posted Rate
The report finds that those who challenged the posted rate offered by big lenders saved on average 2.2 points on their interest rate, based on a survey that finds the average five-year fixed rate held by negotiating buyers to be 3.05, compared to the advertised 5.25 per cent from the banks.
These savings are even greater than last year, when the average rate by negotiation was 1.85 per cent. Buyers are also increasingly turning to brokers to help them secure their best rate – 23 per cent in 2013, compared to just 14 per cent in 1999…
Spotlight On Mortgages: December 20, 2013
– ratesupermarket.ca
Homeowners are increasingly taking control of their home financing options – and are enjoying savings as a result – according to the comprehensive housing market report released by CMHC this Wednesday.
According to the 2013 edition of the Canadian Housing Observer, an annual market tome released by the crown corporation, there is a growing trend in mortgage rate negotiation, taking advantage of prepayment options, and growing home equity at a faster pace.
It Pays To Question The Posted Rate
The report finds that those who challenged the posted rate offered by big lenders saved on average 2.2 points on their interest rate, based on a survey that finds the average five-year fixed rate held by negotiating buyers to be 3.05, compared to the advertised 5.25 per cent from the banks.
These savings are even greater than last year, when the average rate by negotiation was 1.85 per cent. Buyers are also increasingly turning to brokers to help them secure their best rate – 23 per cent in 2013, compared to just 14 per cent in 1999…
After more than a year of hard bargaining, European finance ministers on Wednesday reached a political agreement for a new joint European institution in charge of closing down or propping up ailing banks.
