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Latest News
Can challengers like EQ Bank and Wealthsimple take on the big banks? Sep 26th
It’s not easy going up against Canada’s banking oligopoly, but some are trying.
Challengers like EQ Bank and Wealthsimple are rolling out new and cheaper offerings, growing their base and gaining brand recognition. But experts say that rather than creating a disruptive threat to the big banks.... More »
What Is CDIC and How Does It Work? Mar 23rd
When you see the purple decal – this is what it means for your savings
For generations, Canadians have been able to place their trust in their financial institutions. In fact, during the global economic crisis of 2008, Canadian banks weathered the storm better than most and were the envy of fi.... More »
Next question for the ECB: How much good will it do? + MORE Mar 10th
(Ralph Orlowski/Reuters)
Update: The ECB cut main interest rate to 0% and cut deposit rate to -0.4%.
FRANKFURT — How far will Mario Draghi and the European Central Bank go to boost inflation and a shaky economy?
Market participants are waiting for the bank rate decision and president’s news .... More »
The Nymi Band: Would You Use Heartbeat Banking ? Nov 12th
It seems a security tech arms race is afoot in the banking sector.
While mobile banking has been going mainstream – 31 per cent of Canadians reported using mobile banking last year, up from five per cent in 2010 according to the Canadian Bankers Association – future trends point towards even mo.... More »
Royal Bank, TD and CIBC hike mortgage rates Jan 13th
Three of Canada's biggest banks have hiked the rate on their benchmark five-year mortgage, and more are expected to follow suit..... More »
Bertha aftermath could brush parts of Atlantic Canada
– macleans.ca
HALIFAX – Bertha has weakened to a tropical storm just a day after becoming a hurricane as it moves northward and could brush parts of Atlantic Canada by late Wednesday.
The storm’s maximum sustained winds decreased to near 100 km/h early Tuesday with gradual weakening expected over the next two days.
The U.S. National Hurricane Center says Bertha is forecast to pass midway between the American East Coast and Bermuda later in the morning.
The storm is centred about 765 kilometres west of Bermuda and was moving north-northeast near 35 km/h.
The Canadian Hurricane Centre in Halifax said the storm was expected to move well south of Nova Scotia with its northern tip expected to spread cloud over the province.
The centre said rain from the post-tropical phase of the storm may affect the southeastern portion of Newfoundland.
Winds are expected to remain offshore, although there is a small chance they could affect southeastern Newfoundland on either Wednesday or Thursday.
Ocean swells are also expected along the Atlantic coast of Nova Scotia and in Newfoundland with Bertha likely brining gales to the Southern Maritimes Marine District and the Grand Banks off Newfoundland…
The storm’s maximum sustained winds decreased to near 100 km/h early Tuesday with gradual weakening expected over the next two days.
The U.S. National Hurricane Center says Bertha is forecast to pass midway between the American East Coast and Bermuda later in the morning.
The storm is centred about 765 kilometres west of Bermuda and was moving north-northeast near 35 km/h.
The Canadian Hurricane Centre in Halifax said the storm was expected to move well south of Nova Scotia with its northern tip expected to spread cloud over the province.
The centre said rain from the post-tropical phase of the storm may affect the southeastern portion of Newfoundland.
Winds are expected to remain offshore, although there is a small chance they could affect southeastern Newfoundland on either Wednesday or Thursday.
Ocean swells are also expected along the Atlantic coast of Nova Scotia and in Newfoundland with Bertha likely brining gales to the Southern Maritimes Marine District and the Grand Banks off Newfoundland…
