Learn more about Canada’s top banks rates, rules and the latest news – read on!
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New law proposed to shift bank failure risk from taxpayers Mar 23rd
Canada will introduce legislation to implement a "bail-in" regime for systemically important banks that would shift some of the responsibility for propping up failing institutions to creditors..... More »
The best bank accounts for students in Canada 2020 Apr 10th
Table of contents
The best bank accounts for students in Canada
The best online bank accounts for students in Canada
What is a student bank account?
What do you need to open a student bank account?
How to choose the best student bank account for you
With the cost of tuition and books—not t.... More »
Two central banks, one alternative fact and 3/4 of a dollar: The loonie this week Mar 19th
Watch the Canadian dollar as the Federal Reserve, Bank of Canada are on show
.... More »
Not all rate hikes are created equal + MORE Nov 19th
(Getty Images / Nigel Carse)
Shopping for a mortgage, these days, is a lot like shooting those tin ducks at the carnival.
The game looks easy enough. Just aim, focus on the duck you want, then squeeze the trigger and…miss. Getting a locked-in, guaranteed, pre-approval rate also looks easy; tur.... More »
Watch: How to open a bank account Sep 23rd
Looking for a better interest rate? Want more accessible ATMs? Tired of paying fees for things like bank drafts? Whatever your reason, changing banks or opening a new bank account can take just a few clicks—if you’re prepared. Watch this two-minute video to see what documents you’ll need (even.... More »
Fewer US homes repossessed by lenders in January, but some states could see foreclosure surge
– canadianbusiness.com
LOS ANGELES, Calif. – Lenders repossessed fewer U.S. homes in January, bringing the number of completed foreclosures down to the lowest level in more than six years.
Even so, many states posted sharp increases in the number of homes entering the foreclosure process for the first time, a trend that raises the likelihood that those states will see a surge in foreclosed homes later this year.
Banks took back 30,226 homes last month, a drop of 4 per cent from December, foreclosure listing firm RealtyTrac Inc. said Thursday.
Completed foreclosures were down 40 per cent from January last year to the lowest level since July 2007, the firm said.
A dozen states posted annual increases in foreclosures, including New York, Oklahoma, Connecticut and New Jersey.
While foreclosures remain elevated in many populous states, they have been steadily on the wane since the U.S. housing market and economy began to rebound after years of decline.
The U.S. housing market has emerged from a deep slump, aided by rising home prices, steady job growth and fewer troubled loans dating back to the housing-bubble days…
Even so, many states posted sharp increases in the number of homes entering the foreclosure process for the first time, a trend that raises the likelihood that those states will see a surge in foreclosed homes later this year.
Banks took back 30,226 homes last month, a drop of 4 per cent from December, foreclosure listing firm RealtyTrac Inc. said Thursday.
Completed foreclosures were down 40 per cent from January last year to the lowest level since July 2007, the firm said.
A dozen states posted annual increases in foreclosures, including New York, Oklahoma, Connecticut and New Jersey.
While foreclosures remain elevated in many populous states, they have been steadily on the wane since the U.S. housing market and economy began to rebound after years of decline.
The U.S. housing market has emerged from a deep slump, aided by rising home prices, steady job growth and fewer troubled loans dating back to the housing-bubble days…
Canadian banks slash online trading fees
– theglobeandmail.com
Lower fees seen as essential in battle for younger customers
