The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
Latest News
A Smarter Way to Tax Big Banks Feb 1st
Make the cost of equity tax-deductible in the same way that the cost of debt is deductible..... More »
Before it’s Too Late! Best Credit Card Welcome Offers of August 2019 Aug 3rd
We usually sign up for credit cards because of special features and benefits – from cash-back earning rates to travel perks to balance transfer offers. And one feature that may make or break your decision between one credit card or another is the welcome promotion – a special bonus that adds .... More »
Apple Pay should have little impact on Canadian bank earnings, analyst says + MORE Jul 9th
Lenders would only see small profit cut when Apple’s mobile payment service launches in Canada. The bigger worry for banks is if firms like Apple and Google, with its Android Pay, use this technology as a stepping stone to advance into other financial services
.... More »
Tracking Receipts with the UGO Mobile Wallet + MORE Jul 19th
There’s been a lot of innovation in the banking space lately, an area that is typically resistant to change. Just recently, the big banks got on board and started offering Apple Pay. Now, innovators have introduced the UGO Mobile Wallet.
Today smartphones are so much more than just a phone. Users.... More »
It’s Time to Get Smart about Your Credit Oct 17th
October 17 is National Get Smart About Your Credit Day and there is no better time with the year end and holidays approaching, to sit down and review your finances. Whether you have debt or not, take this opportunity to evaluate how you manage your credit and where there could be room for improveme.... More »
Dow hires banks to sell two chemical units
– theglobeandmail.com
Move is part of chemical giant’s effort to divest several billion dollars worth of non-core assets by 2015
Why Banks Are Targeting New Canadians
– ratesupermarket.ca
By: Pracheer Saran
Eliana Lopez is planning to immigrate from Cali, Columbia to Toronto this October. As a newcomer she’ll already have a lot on her plate, from starting life in a new country, to job hunting, to finding her own place. However, one task that might come easier may be building a credit history; in fact, this could be underway even before she steps out of Toronto Pearson International Airport.
This is due to an exclusive deal CIBC signed with the Greater Toronto Airport Authority last December, making it the only bank to have branches and bank machines at the airport. It’s part of the bank’s strategy to target newcomers to the country – by opening bank accounts and providing other banking services for them before they leave Pearson.
Cross-global Banking: A Growing Focus
Banks are increasingly realizing the importance of reaching out to cash-strapped immigrants – especially those moving for business who, according to Immigration Canada, are expected to make at minimum a $400,000 investment to own or manage business in the country…
Why Banks Are Targeting New Canadians
– ratesupermarket.ca
By: Pracheer Saran
Eliana Lopez is planning to immigrate from Cali, Columbia to Toronto this October. As a newcomer she’ll already have a lot on her plate, from starting life in a new country, to job hunting, to finding her own place. However, one task that might come easier may be building a credit history; in fact, this could be underway even before she steps out of Toronto Pearson International Airport.
This is due to an exclusive deal CIBC signed with the Greater Toronto Airport Authority last December, making it the only bank to have branches and bank machines at the airport. It’s part of the bank’s strategy to target newcomers to the country – by opening bank accounts and providing other banking services for them before they leave Pearson.
Cross-global Banking: A Growing Focus
Banks are increasingly realizing the importance of reaching out to cash-strapped immigrants – especially those moving for business who, according to Immigration Canada, are expected to make at minimum a $400,000 investment to own or manage business in the country…
It may be time to fasten the forex seat belts
– theglobeandmail.com
As policy of biggest central banks starts to diverge, currency markets could be in for choppier ride
