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Latest News
Scotiabank defends practices to verify incomes before granting mortgages Sep 15th
TORONTO – Scotiabank is defending its income verification practices in light of a report that says Canadian banks allow foreign borrowers to qualify for mortgages without having to prove the source of their income.
A Globe and Mail report Wednesday said that Scotiabank’s (TSX:BNS) intern.... More »
What is a Credit Union? + MORE Sep 16th
For most Canadians, financial institutions come in two forms: a bricks-and-mortar bank, or the online version of the same thing. But for many, particularly in Quebec and western Canada, there’s an alternative option: credit unions.
Origin of the Credit Union
At the beginning of the 20th century, .... More »
Big U.S. banks ordered to revise plans for bank failures Aug 7th
U.S. regulators have told 11 of their biggest banks that their plans for unwinding their operations in case of a bankruptcy are inadequate and they must rewrite them..... More »
New Aeroplan Members Can Get 2,500 Bonus Miles This Month Sep 11th
For a limited time, new Aeroplan members can get 2,500 bonus miles (soon to be Aeroplan points) when they join and earn their first mile before the end of September 2020.
Members can earn miles through in-store and online purchases at partner brands by scanning their Aeroplan card or using their Ae.... More »
Credit Cards Canada: Tips for Opening a New Credit Card + MORE Apr 11th
Looking for a new credit card but confused by all of the options available and what their terms really mean? Maybe you want a credit card so you can shop without having to use cash for purchases. Or, maybe you’ve heard about travel rewards cards that let you use points for flights and hote.... More »
Investors to take in earnings from major banks this week
– moneysense.ca
The Toronto stock market could benefit from further lift in the financial sector this week as traders anticipate another positive run of earnings from the big banks.
The TSX ran ahead 1.33 per cent last week after two losing weeks, lifted by a gain of about 1.2 per cent in the financial sector after Royal Bank (TSX:RY) and TD Bank (TSX:TD) posted earnings reports that blew past analyst expectations. The other big gainer was the base metals group, up about 1.5 per cent for the week, in part due to data showing a strengthening Chinese manufacturing sector.
This week, investors will take in earnings from National Bank (TSX:NA) and Scotiabank (TSX:BNS) on Tuesday, Bank of Montreal (TSX:BMO) on Wednesday and CIBC (TSX:CM) on Thursday.
Investors were impressed as RBC and TD seemed to be firing on all cylinders in the latest quarter with strong contributions from major divisions and lower loan-loss provisions.
“The expectation is (the other banks) should be issuing good results as well,” said Sadiq Adatia, chief investment officer of Sun Life Globel Investment…
The TSX ran ahead 1.33 per cent last week after two losing weeks, lifted by a gain of about 1.2 per cent in the financial sector after Royal Bank (TSX:RY) and TD Bank (TSX:TD) posted earnings reports that blew past analyst expectations. The other big gainer was the base metals group, up about 1.5 per cent for the week, in part due to data showing a strengthening Chinese manufacturing sector.
This week, investors will take in earnings from National Bank (TSX:NA) and Scotiabank (TSX:BNS) on Tuesday, Bank of Montreal (TSX:BMO) on Wednesday and CIBC (TSX:CM) on Thursday.
Investors were impressed as RBC and TD seemed to be firing on all cylinders in the latest quarter with strong contributions from major divisions and lower loan-loss provisions.
“The expectation is (the other banks) should be issuing good results as well,” said Sadiq Adatia, chief investment officer of Sun Life Globel Investment…
