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Latest News
What to consider if you still have RRSP contribution room Jan 25th
Registered retirement savings plans (RRSPs) have been around since 1957, and each February is commonly referred to as “RRSP season.” The banks and financial media used to make a bigger deal about RRSPs in the new year, but ever since Tax-Free Savings Accounts (TFSAs) were introduced in 2009, RRS.... More »
'Can't get blood from a stone': Banks go after senior caught in extortion scam + MORE Jan 31st
The bad guys needed less than a month to shake down a 78-year-old for $50,000. Then the victim faced another threat: legal action by the big banks looking to collect in the money she lost..... More »
Applying for a credit card: What you need to know Oct 6th
There are many great reasons to carry a credit card. Beyond the convenience and purchase protection included with many credit card purchases, they’re also important financial tools for establishing your credit history and borrowing money—both of which you’ll need if you want to make a major pu.... More »
Deviating from Bank of Canada may be a good thing for banks + MORE Jul 17th
With the banks now taking Bank of Canada rate cuts as more of a guideline than a directive, their margins may be about to improve
.... More »
Should I Get a Variable or Fixed Mortgage? RBC Cuts Rates and the Answer is No Longer Clear + MORE Jan 25th
Last week, Canada’s biggest bank, RBC, cut its five-year fixed rate by 15 basis points. This gave customers the option to lock in their mortgage rate at 3.74 per cent, for a five-year term. And surely enough, TD Bank and BMO Bank of Montreal followed suit and cut their five-year fixed rates to th.... More »
Wells Fargo eases lending standards for jumbo mortgages
– theglobeandmail.com
U.S. banks are loosening mortgage criteria as the industry seeks to replace lost revenue
