Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Nominees for the 2018-2019 Best of Finance Awards Oct 2nd
Every year, RateSupermarket.ca carefully analyzes the Canadian credit card and banking industry and awards the best products at its Best of Finance Awards.
There will come various points in every person’s life when they’ll be required to make a financial choice. But when there are hundreds of b.... More »
How the fight to defeat ISIS sparked a new battle in Iraq Nov 6th
A picture taken on October 26, 2017 shows rockets being launched from Iraqi security forces’ against Kurdish Peshmerga positions in the area of Faysh Khabur, which is located on the Turkish and Syrian borders in the Iraqi Kurdish autonomous region. (AHMAD AL-RUBAYE/AFP/Getty Images)
In the pre.... More »
Hacking dementia: Facebook invites tech nerds to combine brain power Oct 4th
Imagine if a person with dementia could tap a device on a television, microwave or laundry machine and instantly be reminded how to use it. Technologies like this emerged from last year’s DementiaHack, a “hackathon” that incubates hundreds of tech and medical professionals, along with the ge.... More »
Canada’s best no-fee credit cards 2022 + MORE Nov 3rd
Some of the best things in life are free—so why should you expect any different from your credit card? Canada has an impressive array of no-fee credit cards that don’t charge cardholders an annual fee, while also delivering respectable rewards like cash back and travel points. Many of these no-f.... More »
The best low-interest credit cards in Canada for 2023 Sep 9th
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The best low-interest credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Oil extends gains above $100 as Chinese credit growth suggests economy ticking steadily
– canadianbusiness.com
The price of oil extended gains above $100 a barrel Monday as a rebound in Chinese credit growth suggested steady demand in one of the world’s largest petroleum consumers.
Benchmark U.S. crude for March delivery was up 47 cents to $100.77 a barrel at 0630 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 5 cents to close at $100.30 a barrel Friday.
Favourable credit growth numbers from China suggested its economy is avoiding a sharp slowdown, which would keep demand for energy steady.
Lending by Chinese banks and in the largely unregulated underground market rebounded to 2.6 trillion yuan ($430 billion) in January from December’s 1.2 billion yuan, according to the central bank. Lending usually surges at the start of a new year but January’s rise exceeded forecasts and might help to ease worries about cooling retail sales, manufacturing and other activity.
Brent crude, which is used to set prices for international varieties of crude, was down 1 cent to $109…
Benchmark U.S. crude for March delivery was up 47 cents to $100.77 a barrel at 0630 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 5 cents to close at $100.30 a barrel Friday.
Favourable credit growth numbers from China suggested its economy is avoiding a sharp slowdown, which would keep demand for energy steady.
Lending by Chinese banks and in the largely unregulated underground market rebounded to 2.6 trillion yuan ($430 billion) in January from December’s 1.2 billion yuan, according to the central bank. Lending usually surges at the start of a new year but January’s rise exceeded forecasts and might help to ease worries about cooling retail sales, manufacturing and other activity.
Brent crude, which is used to set prices for international varieties of crude, was down 1 cent to $109…
Asia stocks rise after China reports strong credit growth, Japan private consumption higher
– canadianbusiness.com
BEIJING, China – Asian stock markets rose Monday after China’s bank lending in January beat forecasts and Europe reported stronger-than-expected economic growth.
The Shanghai Composite Index added 0.3 per cent to 2,122.9 and Tokyo’s Nikkei 225 gained 0.4 per cent to 14,369.78.
Hong Kong’s Hang Seng rose 1 per cent to 22,527.22. Seoul and Sydney also rose.
Lending by Chinese banks and in the largely unregulated underground market rebounded to 2.6 trillion yuan ($430 billion) in January from December’s 1.2 billion yuan, according to the central bank. Lending usually surges at the start of a new year but January’s rise exceeded forecasts and might help to ease worries about cooling retail sales, manufacturing and other activity.
“The January credit data could boost confidence in short term economic growth,” said Bank of America economists Ting Lu and Xiaojia Zhi in a report. However, they cautioned such data also might raise concerns about the health of China’s financial system…
The Shanghai Composite Index added 0.3 per cent to 2,122.9 and Tokyo’s Nikkei 225 gained 0.4 per cent to 14,369.78.
Hong Kong’s Hang Seng rose 1 per cent to 22,527.22. Seoul and Sydney also rose.
Lending by Chinese banks and in the largely unregulated underground market rebounded to 2.6 trillion yuan ($430 billion) in January from December’s 1.2 billion yuan, according to the central bank. Lending usually surges at the start of a new year but January’s rise exceeded forecasts and might help to ease worries about cooling retail sales, manufacturing and other activity.
“The January credit data could boost confidence in short term economic growth,” said Bank of America economists Ting Lu and Xiaojia Zhi in a report. However, they cautioned such data also might raise concerns about the health of China’s financial system…
