Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
RateSupermarket.ca Will Become RATESDOTCA Sep 30th
We are excited to announce that RateSupermarket.ca will become RATESDOTCA. Don’t worry, besides a name change, how you compare the best credit cards and mortgage rates will remain the same.
What does this mean for you?
Our name is changing, but rest assured, everything else will remain the same.
.... More »
Travel for Free: Barry’s Top 6 Tips on How to Game the Credit Card Reward System Oct 1st
To simply say I love credit cards is an understatement. Currently, I have more than 10 active cards, which is much more than the average person will ever need at once, but I use them all for a variety of reasons. When you know how to game the reward system and reap the benefits of different cards, .... More »
Retired RBC executive to chair new federal infrastructure bank + MORE Jul 7th
The federal government is hiring the former chief financial officer at one of Canada's largest banks to help oversee its new infrastructure-financing agency. Janice Fukakusa will chair the new board of the Canada Infrastructure Bank..... More »
Bay Street banking analyst Routledge heads to Ottawa for finance role Jan 9th
Peter Routledge, who covers financial-services companies including banks and insurers for National Bank Financial, is leaving the investment bank and moving to Ottawa to start a new role in the public service in February
.... More »
Banks and other industries embrace biometrics to boost security, convenience Jul 22nd
TORONTO – In the not-too-distant future, your bank will be able to prevent fraud by learning how you type, your car will unlock when it senses the electrical activity of your heart and the security system at your office will recognize your facial features.
That’s according to experts in .... More »
LIBOR and CDOR Scandal: What Investors Should Know
– ratesupermarket.ca
About a year-and-a-half ago, LIBOR went from being an obscure acronym from the world of international finance, to the name associated with the latest in a series of global financial scandals. While regulators are still sorting out precisely what happened – and the full implications – there are already some impacts being felt around the globe.
What is LIBOR?
First off, a brief primer on what LIBOR is. The acronym stands for London Interbank Offered Rate. It’s the rate an international collection of banks charge each other when exchanging various currencies. It’s one of many such exchange rates around the world – Canada has its own, the Canadian Dealer Offered Rate (CDOR); more on that in a moment – but the London rate is considered the global standard.
It’s calculated by averaging out the rate that as many as 18 different banks say they would have to pay in interest when borrowing funds. Trillions of dollars in credit card charges, mortgages, car loans, and other items are linked to the LIBOR rate…
LIBOR and CDOR Scandal: What Investors Should Know
– ratesupermarket.ca
About a year-and-a-half ago, LIBOR went from being an obscure acronym from the world of international finance, to the name associated with the latest in a series of global financial scandals. While regulators are still sorting out precisely what happened – and the full implications – there are already some impacts being felt around the globe.
What is LIBOR?
First off, a brief primer on what LIBOR is. The acronym stands for London Interbank Offered Rate. It’s the rate an international collection of banks charge each other when exchanging various currencies. It’s one of many such exchange rates around the world – Canada has its own, the Canadian Dealer Offered Rate (CDOR); more on that in a moment – but the London rate is considered the global standard.
It’s calculated by averaging out the rate that as many as 18 different banks say they would have to pay in interest when borrowing funds. Trillions of dollars in credit card charges, mortgages, car loans, and other items are linked to the LIBOR rate…
Target Corp and Trustwave Holdings Inc, which provides credit card security services, have been sued by two banks for “monumental” losses they say card issuers will face because of the retailer’s holiday season data breach.
How your voice could become a password for banking on your smartphone
– canadianbusiness.com
MONTREAL – With passwords and PINs increasingly being targeted by hackers, speaking could become a new method to access secure accounts.
Voice biometrics — technology that knows who you are based on your voice characteristics — is already being used by banks and telecom companies globally for better security, says Brett Beranek of software company Nuance Communications.
“Our voices are unique to us, just like our DNA or our fingerprints or our iris,” says Beranek, solutions marketing manager at U.S.-based Nuance’s Montreal office.
Beranek says one of the first ways consumers will likely be exposed to voice biometrics is through mobile apps for banking.
“Typing in an alpha-numeric password to access your bank app is a pain, to say the least,” he says.
“Saying something like, ‘My voice, my password’ just makes a lot of sense.”
Customers may also find using their voice easier than remembering complicated passwords, or being asked personal questions to identify themselves, he says…
Voice biometrics — technology that knows who you are based on your voice characteristics — is already being used by banks and telecom companies globally for better security, says Brett Beranek of software company Nuance Communications.
“Our voices are unique to us, just like our DNA or our fingerprints or our iris,” says Beranek, solutions marketing manager at U.S.-based Nuance’s Montreal office.
Beranek says one of the first ways consumers will likely be exposed to voice biometrics is through mobile apps for banking.
“Typing in an alpha-numeric password to access your bank app is a pain, to say the least,” he says.
“Saying something like, ‘My voice, my password’ just makes a lot of sense.”
Customers may also find using their voice easier than remembering complicated passwords, or being asked personal questions to identify themselves, he says…
