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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New rules proposed to put an end 'too big to fail' banks + MORE Nov 10th
Global regulators on Monday proposed new rules to ensure that bank creditors rather than taxpayers pick up the bill when a big lender collapses..... More »
The Nymi Band: Would You Use Heartbeat Banking ? Nov 12th
It seems a security tech arms race is afoot in the banking sector.
While mobile banking has been going mainstream – 31 per cent of Canadians reported using mobile banking last year, up from five per cent in 2010 according to the Canadian Bankers Association – future trends point towards even mo.... More »
The best travel credit cards in Canada for 2023 Nov 24th
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The best travel credit cards in Canada for 2023
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Is Your Debt Above Average? + MORE Mar 18th
Household debt levels are a hot topic this week, as new numbers reveal they are higher than ever across the nation – a key concern for our central bank, and the fuel behind Canada’s too-hot-to-touch housing markets. And it’s not just mortgages – a recent study finds credit card bal.... More »
The best GIC rates in Canada for 2026 Jul 21st
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Bank Earnings Take Center-Stage this Week
– blogs.wsj.com
Earnings season for Canada’s big-five banks kicks off Tuesday and the performance of their international operations is expected to attract close scrutiny amid slowing loan growth in the banks’ domestic businesses.
AP Source: China’s Sina plans New York IPO for Weibo microblog that would raise $500 million
– canadianbusiness.com
HONG KONG – Chinese internet company Sina Corp. plans to spin off its Twitter-like microblog service, Weibo, in a U.S. initial public offering to raise $500 million, a person with knowledge of the deal said Tuesday.
The person, who requested anonymity because they weren’t authorized to speak publicly about the deal, said investment banks Goldman Sachs and Credit Suisse have been hired to manage the IPO in New York.
The share sale, which has not been officially announced, is expected to be carried out in the second quarter. The company did not return a request by phone and email for comment.
The plans were first reported by the Financial Times on Monday.
Sina’s IPO plans come as other Chinese internet heavyweights prepare for share sales.
Alibaba Group, China’s largest e-commerce company, is planning an IPO that’s widely expected to happen this year and could value the company at more than $100 billion. Alibaba bought an 18 per cent stake in Sina Weibo for $586 million last April…
The person, who requested anonymity because they weren’t authorized to speak publicly about the deal, said investment banks Goldman Sachs and Credit Suisse have been hired to manage the IPO in New York.
The share sale, which has not been officially announced, is expected to be carried out in the second quarter. The company did not return a request by phone and email for comment.
The plans were first reported by the Financial Times on Monday.
Sina’s IPO plans come as other Chinese internet heavyweights prepare for share sales.
Alibaba Group, China’s largest e-commerce company, is planning an IPO that’s widely expected to happen this year and could value the company at more than $100 billion. Alibaba bought an 18 per cent stake in Sina Weibo for $586 million last April…
