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?
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Switching to a better bank account Dec 16th
Almost every adult Canadian has a bank account, according to the Canadian Bankers Association. And there are practical reasons for that: most of us need a bank account to cover rent or mortgage payments, receive paycheques and to maintain our lifestyles.
But what if you’re looking for a bank acc.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Aug 25th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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MoneySense is an.... More »
RBC’s record earnings look good, but problems persist in sector’s outlook + MORE Dec 2nd
Bank becomes first Canadian company to earn more than $10-billion in a fiscal year, though major challenges exist to Canadian banks moving forward
.... More »
Greek banks reopen with cash withdrawal limits + MORE Jul 21st
ATHENS, Greece – Greek banks are reopening Monday after a forced 3-week closure but restrictions on cash withdrawals will remain.
In a decree Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit. For example, a depositor who doesn’t withd.... More »
This mortgage loophole puts us at risk Jun 28th
If the Canadian housing market were to crash it would be catastrophic. At least, that’s the synopsis of the latest Moody’s Investors Service report.
According to their analysis the six big banks would lose nearly $12 billion while CMHC and other mortgage insurers would be on the hook for as muc.... More »
Mortgage Market Madness?
– ratesupermarket.ca
Are we in for a second round of the Great Canadian Mortgage wars? The 5-year fixed cost of borrowing plunged this week to 2.99%, sparking a flurry of headlines and speculation. Will this cause the housing market to reheat to dangerous levels? Should buyers rush into the market? Will Jim Flaherty have to make a call? Read our special coverage to find out!
We’re also in the midst of RRSP season – are you caught up on this year’s contributions? A new study finds Canadians are turning away from RRSPs as a savings method – but are they risking their retirement funds in the process?
2.99% Mortgage Rates Are Back!
This Monday, the lowest five-year fixed mortgage rates dropped as low as 2.99% – a new record not seen since last August. Such discounted rates mean big savings for home buyers – read on to see what your monthly payments would be, compared to rates from the big banks.
Read Penelope’s Blog | 2.99% Mortgage Rates Are Back!
What Canadian Investors Should Know About The Fragile 5
Concern about growth in China and other emerging markets triggered a wave of selling in less developed economies last week…
Barclays to cap cash bonuses at £140,000
– theglobeandmail.com
Other banks have also set limits on upfront cash awards
TD accepts RBC’s gauntlet throwdown. Who’s next?
– moneysense.ca
You may recall earlier this year MoneySense suggested that lower trading commissions could become the norm for Canada’s big banks, following RBC’s mid-January announcement that all DIY investors would now pay only a flat commission of $9.95 per equity trade through RBC Direct Investing online and mobile channels. Now TD Direct Investing has responded in kind.
Effective today, TD Bank Group has scrapped its minimum account balance or trading activity requirements for its Direct Investing platform. Previously, DIY clients who held less than $50,000 in assets or traded fewer than 30 times per quarter paid $29 plus charges for trades larger than 1,000 shares. But now all TD Direct Investing users will pay $9.99 for Canadian and U.S. equity trades placed online or through its mobile and tablet apps.
Being an active trader at TD, however, continues to have its privileges. As before, those who place 150 or more trades per quarter will pay a lower $7.00 flat rate per equity trade.
No doubt, DIY investors who use other bank’s online brokerages are now wondering if their financial institution will follow RBC and TD’s move…
Effective today, TD Bank Group has scrapped its minimum account balance or trading activity requirements for its Direct Investing platform. Previously, DIY clients who held less than $50,000 in assets or traded fewer than 30 times per quarter paid $29 plus charges for trades larger than 1,000 shares. But now all TD Direct Investing users will pay $9.99 for Canadian and U.S. equity trades placed online or through its mobile and tablet apps.
Being an active trader at TD, however, continues to have its privileges. As before, those who place 150 or more trades per quarter will pay a lower $7.00 flat rate per equity trade.
No doubt, DIY investors who use other bank’s online brokerages are now wondering if their financial institution will follow RBC and TD’s move…
Mortgage Market Madness?
– ratesupermarket.ca
Are we in for a second round of the Great Canadian Mortgage wars? The 5-year fixed cost of borrowing plunged this week to 2.99%, sparking a flurry of headlines and speculation. Will this cause the housing market to reheat to dangerous levels? Should buyers rush into the market? Will Jim Flaherty have to make a call? Read our special coverage to find out!
We’re also in the midst of RRSP season – are you caught up on this year’s contributions? A new study finds Canadians are turning away from RRSPs as a savings method – but are they risking their retirement funds in the process?
2.99% Mortgage Rates Are Back!
This Monday, the lowest five-year fixed mortgage rates dropped as low as 2.99% – a new record not seen since last August. Such discounted rates mean big savings for home buyers – read on to see what your monthly payments would be, compared to rates from the big banks.
Read Penelope’s Blog | 2.99% Mortgage Rates Are Back!
What Canadian Investors Should Know About The Fragile 5
Concern about growth in China and other emerging markets triggered a wave of selling in less developed economies last week…
