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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The best GIC rates in Canada for 2024 May 18th
Investing
The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Find the best rate
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Flooded-out rivers continue to threaten New Brunswick - CP24 Toronto's Breaking News + MORE Apr 29th
CP24 Toronto's Breaking NewsFlooded-out rivers continue to threaten New BrunswickCP24 Toronto's Breaking NewsFREDERICTON - As flood waters in Fredericton began to show some signs of relief Sunday, the owner of a popular craft brewery on the banks of the Saint John River was anxious to assess damage .... More »
Four Principles for Replacing Dodd-Frank + MORE Jun 16th
First, address incentives: Banks want to avoid costs and regulators tend toward the politically expedient..... More »
Do You Need Loan Insurance? May 28th
Managing debt can be a challenge. Sometimes that challenge is driven by circumstances out of your control. Critical illness or disability can put a huge strain on your finances, making it hard to pay off a credit line or loan.
Those times of distress are what loan insurance is designed for. .... More »
How does interest work in a savings account? Sep 10th
Do you know how interest rates work when it comes to your bank account? If not, you’re not alone. Nearly four in 10 Canadians surveyed don’t fully understand it, according to research by Angus Reid on behalf of PC Financial.
When you hold money in a savings account, interest is money you rece.... More »
June Mortgage Rate Wars – Just Heating Up?
– ratesupermarket.ca
Lenders to continue competitive discounting tactics through summer months
June 4, 2014: Toronto, Ontario – There’s nothing lukewarm about lenders’ efforts to stay competitive in this spring’s mortgage market. Rate discounting battles have risen with the mercury, providing buyers with a slew of affordable options. Lenders big and small have cut their fixed mortgage rates to 2.99 per cent and below, while variable mortgage borrowers will continue to enjoy low central and Prime rates for some time to come.
Fixed Mortgage Rates: Unchanged
The fixed-mortgage-rate battle wages on, as brokers and big banks alike wade in with discounted offers. Bond yields, which have trended lower during the spring months, show no sign of reversal, leading RateSupermarket.ca’s panelists to anticipate low rates to linger in the coming weeks.
Variable Mortgage Rates: Unchanged
Canada’s long-lagging inflation rate made news this month, reported to have finally hit the 2 per cent benchmark decreed by the Bank of Canada…
June Mortgage Rate Wars – Just Heating Up?
– ratesupermarket.ca
Lenders to continue competitive discounting tactics through summer months
June 4, 2014: Toronto, Ontario – There’s nothing lukewarm about lenders’ efforts to stay competitive in this spring’s mortgage market. Rate discounting battles have risen with the mercury, providing buyers with a slew of affordable options. Lenders big and small have cut their fixed mortgage rates to 2.99 per cent and below, while variable mortgage borrowers will continue to enjoy low central and Prime rates for some time to come.
Fixed Mortgage Rates: Unchanged
The fixed-mortgage-rate battle wages on, as brokers and big banks alike wade in with discounted offers. Bond yields, which have trended lower during the spring months, show no sign of reversal, leading RateSupermarket.ca’s panelists to anticipate low rates to linger in the coming weeks.
Variable Mortgage Rates: Unchanged
Canada’s long-lagging inflation rate made news this month, reported to have finally hit the 2 per cent benchmark decreed by the Bank of Canada…
Barclays, Goldman, Merrill Lynch fined $1M each by US regulators for incomplete trading data
– canadianbusiness.com
NEW YORK, N.Y. – The Financial Industry Regulatory Authority said Wednesday that it fined investment banks Barclays, Goldman Sachs and Merrill Lynch $1 million each for providing incomplete and inaccurate information about trades the companies conducted.
Finra said that the trading information is required to be submitted upon request but it said the data was missing, had incorrect customer names and contact information or inaccurate details about the transactions.
Regulators use the trading data, known as “blue sheets,” to investigate potential insider trading or other manipulations of the market.
The Wall Street regulator said that Barclays PLC, The Goldman Sachs Group Inc. and Merrill Lynch neither admitted nor denied the charges by settling the cases.
Barclays, Goldman Sachs and Merrill Lynch, which is a unit of Bank of America Corp., declined to comment.
Finra also issued a complaint against Wedbush Securities for the same reasons, but said that the case hasn’t been decided yet…
Finra said that the trading information is required to be submitted upon request but it said the data was missing, had incorrect customer names and contact information or inaccurate details about the transactions.
Regulators use the trading data, known as “blue sheets,” to investigate potential insider trading or other manipulations of the market.
The Wall Street regulator said that Barclays PLC, The Goldman Sachs Group Inc. and Merrill Lynch neither admitted nor denied the charges by settling the cases.
Barclays, Goldman Sachs and Merrill Lynch, which is a unit of Bank of America Corp., declined to comment.
Finra also issued a complaint against Wedbush Securities for the same reasons, but said that the case hasn’t been decided yet…
