Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Business Highlights + MORE Oct 26th
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Some buyers call classes by ‘Flip or Flop’ stars misleading
NEW YORK (AP) — HGTV “Flip or Flop” stars Tarek and Christina El Moussa are capitalizing on their fame by offering pricy classes that promise to teach people how to flip homes for profit. But some participants .... More »
UBS to pay $545-million over forex scandal, rivals await fate + MORE May 20th
UBS’s payment is part of what is expected to be a combined multibillion-dollar settlement by five of the world’s biggest banks with U.S. and British authorities
.... More »
Buying a car? A home? Fed rate increase shouldn’t matter much; ‘Most people won’t even notice’ + MORE Dec 17th
WASHINGTON – For anyone considering whether to buy a home or car, the Federal Reserve’s interest rate increase Wednesday shouldn’t make much difference.
The rates that most people pay for mortgages, auto loans or college tuition aren’t expected to jump anytime soon. The Fed&#.... More »
Back-to-Budget Season Sep 5th
Back-to-school season is upon us, and families everywhere are likely feeling the post-shopping pinch. Some good news then, for those who’ve racked up the credit card or taken out a student loan – borrowing costs in Canada won’t be going anywhere in the short term, according to this week.... More »
When banks cash your same cheque twice, you may be on the hook to pay Apr 2nd
Business owners Stefan Marten and Pearl Scott-Marten had to fight to get money back from their credit union after several of the couple's employees cashed their paycheques twice using increasingly popular banking apps that allow cheques to be deposited with a photo..... More »
Why You Should Care About the Government’s Bail-In Plans
– ratesupermarket.ca
The outlook for Canada’s banking system took a hit this week, slashed from stable status to negative by international credit ratings agency Moody’s. The cut comes in response to recent government plans to implement a “bail-in” system, with Moody’s citing “the evolving lower systemic support environment” from the government.
These bail-in plans were revealed in the “Banking System Outlook: Canada” report, which focuses on the seven largest Moody’s-rated Canadian banks, which combined hold approximately 93 per cent of system assets. However, despite this alarming news, Canada’s banking system still remains one of the strongest in the world.
So, should consumers be concerned?
What is a Bail-In?
A bail-in is a reverse of the bail-out method, when money is given by the government to struggling private companies whose success largely impacts Canada’s economy. The funds help such companies make their mandatory debt payments in order to stay solvent…
These bail-in plans were revealed in the “Banking System Outlook: Canada” report, which focuses on the seven largest Moody’s-rated Canadian banks, which combined hold approximately 93 per cent of system assets. However, despite this alarming news, Canada’s banking system still remains one of the strongest in the world.
So, should consumers be concerned?
What is a Bail-In?
A bail-in is a reverse of the bail-out method, when money is given by the government to struggling private companies whose success largely impacts Canada’s economy. The funds help such companies make their mandatory debt payments in order to stay solvent…
Why You Should Care About the Government’s Bail-In Plans
– ratesupermarket.ca
The outlook for Canada’s banking system took a hit this week, slashed from stable status to negative by international credit ratings agency Moody’s. The cut comes in response to recent government plans to implement a “bail-in” system, with Moody’s citing “the evolving lower systemic support environment” from the government.
These bail-in plans were revealed in the “Banking System Outlook: Canada” report, which focuses on the seven largest Moody’s-rated Canadian banks, which combined hold approximately 93 per cent of system assets. However, despite this alarming news, Canada’s banking system still remains one of the strongest in the world.
So, should consumers be concerned?
What is a Bail-In?
A bail-in is a reverse of the bail-out method, when money is given by the government to struggling private companies whose success largely impacts Canada’s economy. The funds help such companies make their mandatory debt payments in order to stay solvent…
These bail-in plans were revealed in the “Banking System Outlook: Canada” report, which focuses on the seven largest Moody’s-rated Canadian banks, which combined hold approximately 93 per cent of system assets. However, despite this alarming news, Canada’s banking system still remains one of the strongest in the world.
So, should consumers be concerned?
What is a Bail-In?
A bail-in is a reverse of the bail-out method, when money is given by the government to struggling private companies whose success largely impacts Canada’s economy. The funds help such companies make their mandatory debt payments in order to stay solvent…
Why Canada isn’t immune to a U.S.-style housing crash
– macleans.ca
Skeletons of abandoned housing developments in California in 2009Investors should stay away from the Canadian housing market, warns a new report from Chicago-based investment firm Morningstar. A house price correction is “inevitable” within the next five years and could send house prices falling as much as 30 per cent.
The report’s author, equity analyst Dan Werner, also takes aim at some of the more popular arguments on this side of the border for why Canada’s housing market is fundamentally different from the U.S. housing bubble. “Many investors believe that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now,” he writes. “History has shown, time and again, that ‘this time’ is not different. We believe the same is true for the future of Canadian residential real estate.”
Skeptical? Here are some of the myths Werner debunks for why Canada isn’t immune to a U.S.-style housing crash:
Myth: Canadian banks are better protected because, unlike the U…
