Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
How the Interest Rate Hike Can Affect Canadian Post-Secondary Students + MORE Aug 19th
If you haven’t heard, the Bank of Canada raised its key overnight lending rate by 25 basis points last month. And while mortgage affordability is usually the first thing that comes to mind when people discuss an interest rate hike (or drop), students heading to university or college may also be a.... More »
The best high-interest savings accounts in Canada for 2023 + MORE Jun 15th
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
Compare now
Tap the button for more details.
The rates i.... More »
Canada’s best travel credit cards 2022 Oct 15th
A good travel credit card can make your trip more affordable, more comfortable and even more secure. There are numerous cards to choose from, but you can get the best value by selecting one that pairs a strong earn rate for rewards or cash back along with perks like lounge access, travel credits or .... More »
Canadian banks earnings reports Aug 28th
Big Bank earnings reports highlights
The third-quarter results are in.
National Bank of Canada (NA/TSX): Earnings per share of $2.68, and revenues of $3 billion.
Royal Bank of Canada (RY/TSX): Earnings per share of $3.09, and revenues of $14.63 billion.
Bank of Montreal (BMO/TSX): Earnings.... More »
European Central Bank to identify weak banks; step considered key to eurozone recovery + MORE Oct 10th
FRANKFURT – The European Central Bank says it will reveal the results of its much-awaited review of bank finances on Sunday, Oct. 26.
The exercise is an attempt to purge so-called zombie banks that are too troubled to make new loans and support the struggling eurozone economy.
The idea is that.... More »
Bitcoin ATMs arrive in shopping centres across Toronto
– moneysense.ca
TORONTO – A Calgary company is looking to boost the profile of the world’s newest, and most controversial, currency with the launch of six more teller machines in Toronto that deal in the virtual currency Bitcoin.
“With Toronto being the main commercial centre, I think it’s a natural fit,” said Kyle Kemper, vice-president of business development with CAVITREX, a Bitcoin exchange and service provider, at the launch Tuesday in Toronto’s financial district.
“We’re flexible, dynamic and we’re on the forefront of technology and I think that’s something we can be proud of,” he added.
Kemper said the six new machines, which have been installed in select locations, brings the number of Bitcoin teller machines in Toronto to 19 and a total of 30 across Canada.
Bitcoins, created in 2009, are an international virtual currency that are traded online and not regulated by banks or a central authority. Their appeal lies in the ability to make online transactions with relative anonymity and without fees…
“With Toronto being the main commercial centre, I think it’s a natural fit,” said Kyle Kemper, vice-president of business development with CAVITREX, a Bitcoin exchange and service provider, at the launch Tuesday in Toronto’s financial district.
“We’re flexible, dynamic and we’re on the forefront of technology and I think that’s something we can be proud of,” he added.
Kemper said the six new machines, which have been installed in select locations, brings the number of Bitcoin teller machines in Toronto to 19 and a total of 30 across Canada.
Bitcoins, created in 2009, are an international virtual currency that are traded online and not regulated by banks or a central authority. Their appeal lies in the ability to make online transactions with relative anonymity and without fees…
