Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Canadians not taking full Advantage of Online and Mobile Banking Technology + MORE Aug 3rd
Canada is one of the most e-connected nations on the planet, so it should come as no surprise that online and mobile banking are growing in popularity. According to a recent Scotiabank poll, 85 per cent of us use our smartphones, tablets or personal computers to access our bank, mostly for simple t.... More »
How Many Credit Cards Is Too Many? Aug 12th
The average Canadian has two credit cards. So, if you were to peek into your neighbour’s wallet, it’s likely you would find at least two—in some cases, even more. Consumers are told to build up a credit history through the responsible use of credit cards, but is there a point where you have t.... More »
The best rewards credit cards in Canada for 2023 + MORE Nov 23rd
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The best rewards credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect card*
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It’s Bonus Season: 6 Credit Cards with Extra Rewards Feb 3rd
From December to February, many employees see a holiday bonus land on their desks. It’s what we call Bonus Season! To celebrate, we’ve selected six great rewards credit cards for our Bonus Season Event. On top of the great welcome offers, points, or cash back rates offered by these cards, youâ€.... More »
The best GIC rates in Canada for August 2023 Aug 29th
Investing
The best GIC rates in Canada for August 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Suspected Home Depot credit-card breach puts pressure on retailers to upgrade security
– theglobeandmail.com
Home-improvement chain working with banks and law enforcement tp investigate possible incursion
Bank of Canada Rate Announcement September 2014: No Change… Again
– ratesupermarket.ca
The Bank of Canada has maintained the Overnight Lending Rate at 1 per cent once again – and if you respond to that news with a “so what”, you’re certainly not alone.
After all, the neutral stance by the country’s top financial power stalks the status quo, a rate that’s gone unchanged for four solid years, marking the longest stint of neutrality since the 1950s. Retail banks – like the ones that house your hard-earned funds – use the benchmark to set their Prime lending rate, which can affect the interest you pay on things like credit card debt and mortgages.
However, that’s not to say there are important nuances underwritten in today’s announcement – for one, its neutral stance shows that BoC Governor Stephen Poloz and Co. have no plans to raise or lower rates any time soon.
Also Read: The Bank of Canada May Take a Neutral Stance on Rates>
Here are the key influences on Poloz’s neutrality:
Inflation: Close, But No Cigar
Inflation is close enough to the 2 per cent target predicted by the BoC, though the boost from 0…
Bank of Canada Rate Announcement September 2014: No Change… Again
– ratesupermarket.ca
The Bank of Canada has maintained the Overnight Lending Rate at 1 per cent once again – and if you respond to that news with a “so what”, you’re certainly not alone.
After all, the neutral stance by the country’s top financial power stalks the status quo, a rate that’s gone unchanged for four solid years, marking the longest stint of neutrality since the 1950s. Retail banks – like the ones that house your hard-earned funds – use the benchmark to set their Prime lending rate, which can affect the interest you pay on things like credit card debt and mortgages.
However, that’s not to say there are important nuances underwritten in today’s announcement – for one, its neutral stance shows that BoC Governor Stephen Poloz and Co. have no plans to raise or lower rates any time soon.
Also Read: The Bank of Canada May Take a Neutral Stance on Rates>
Here are the key influences on Poloz’s neutrality:
Inflation: Close, But No Cigar
Inflation is close enough to the 2 per cent target predicted by the BoC, though the boost from 0…
USDA to buy up to $13 million in canned pink salmon to help ease glut hurting Alaska fishermen
– canadianbusiness.com
JUNEAU, Alaska – The U.S. Department of Agriculture has agreed to buy up to $13 million in canned pink salmon to ease a glut that has weighed down prices for Alaska fishermen.
In July, Gov. Sean Parnell asked the USDA to buy $37 million worth of canned fish under a federal law that allows the government to purchase surplus food from farmers and donate it to food banks or other programs.
Earlier this year, the agency purchased $20 million worth of canned salmon.
U.S. Sen. Lisa Murkowski announced USDA’s plans Wednesday. She says she isn’t focused on a specific dollar amount but on the government considering using existing funds to take excess salmon off warehouse shelves and provide a nutritious food to Americans in need.
The post USDA to buy up to $13 million in canned pink salmon to help ease glut hurting Alaska fishermen appeared first on Canadian Business.
In July, Gov. Sean Parnell asked the USDA to buy $37 million worth of canned fish under a federal law that allows the government to purchase surplus food from farmers and donate it to food banks or other programs.
Earlier this year, the agency purchased $20 million worth of canned salmon.
U.S. Sen. Lisa Murkowski announced USDA’s plans Wednesday. She says she isn’t focused on a specific dollar amount but on the government considering using existing funds to take excess salmon off warehouse shelves and provide a nutritious food to Americans in need.
The post USDA to buy up to $13 million in canned pink salmon to help ease glut hurting Alaska fishermen appeared first on Canadian Business.
Canada’s biggest banks have pledged to provide consumers with more information about joint accounts, powers of attorney and collateral mortgages.
