Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
American Express Increases the Value of Points for Purchases Jun 3rd
For a limited time, American Express is offering consumer cardmembers more value for Points for Purchases. From April 17, until September 30, 2020, cardholders can use 1,000 points for a $10 statement credit on all eligible non-travel related purchases. That means Membership Rewards points are curr.... More »
Interest rate hike could mean trouble for some + MORE Sep 14th
TORONTO – A report by TransUnion says up to one million Canadian borrowers may not be able to absorb the increase in their monthly payments if interest rates rise by one full percentage point.
The company says that while the majority of Canadians will not be materially impacted in the near term by.... More »
China-led Asian infrastructure bank opens for business + MORE Jan 16th
BEIJING, China – China-led Asian Infrastructure Investment Bank is officially open for business after a formal ceremony led by Chinese President Xi Jinping.
Representatives from 57 member countries attended the event Saturday, when China announced it would pledge $50 million to a special fund .... More »
Drive to hit sales goals sees bank employees put customer's finances at risk committee hears + MORE Jun 7th
Longtime bank employees blew the whistle on questionable practices by Canada's big banks during a House of Commons committee hearing Wednesday..... More »
GICs have a hidden commission Mar 31st
Shutterstock
Q. After buying two GICs, I received a statement showing $575 in commissions paid to my broker by a third party. I thought GICs were free of commissions. Any light you could shed on these fees would be greatly appreciated.
— Tom
A. There are few universal truths in investing, Tom, but.... More »
Three customers who bought travel insurance from Canadian banks are outraged after being left with thousands of dollars in foreign medical bills.
Key Canada Events: Week of May 26-30
– blogs.wsj.com
On tap this week, three of Canada’s “Big 5″ banks will report second-quarter results, closing out earnings season for Canada’s big lenders. The latest read on GDP comes Friday.
Rogers Communications, Black Diamond and big Canadian lenders Scotiabank, BMO and CIBC are some of the stocks we’re watching Monday.
