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?
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Canadian banks, insurance firms owe $1.2B in employee vacation pay, class actions allege - CBC.ca + MORE Mar 4th
Canadian banks, insurance firms owe $1.2B in employee vacation pay, class actions allege CBC.ca.... More »
Keep your credit card at a different bank + MORE Jan 29th
(Blend Images – Peter Dressel/Getty Images)
If you occasionally forget to pay your credit card bill on time, you may want to read the fine print on your agreement. It turns out that most banks can actually deduct money from your accounts to cover money you owe on your credit card—without ask.... More »
What’s In Your Best Interest? Apr 3rd
When it comes to managing your cash, it helps to have guidance from those you trust. But what if their motives don’t exactly align with saving you money? This week, we take a look at consumer advocates – from your realtor, to new merchant credit card fee caps – to see how they really .... More »
Credit union employees say high-pressure sales targets turn 'members' into 'marks' + MORE May 15th
Credit union employees say they're under the same pressure to upsell customers as their counterparts who work for Canada's big banks..... More »
The best high-interest savings accounts in Canada for 2023 Jul 19th
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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.
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As Alibaba goes public in biggest IPO in history, 10 things to know
– canadianbusiness.com
NEW YORK, N.Y. – China’s e-commerce giant Alibaba began trading its shares Friday on the New York Stock Exchange. Here are ten things to know about Alibaba, and why its initial public offering made history:
THE BIGGEST: Alibaba raised $21.8 billion in its debut, making it the biggest U.S.-listed IPO in history after the IPO of credit card processing company Visa in 2008. If Alibaba’s investment banks were to exercise their option to sell an additional 48 million shares, it could make Alibaba’s IPO the biggest in the world, beating out the $22 billion IPO of Agricultural Bank of China in 2010.
DON’T FORGET YAHOO: It may have been a big day for Alibaba and its founder Jack Ma, but Yahoo’s investors are feeling pretty good after Alibaba’s IPO. Yahoo was an early investor in Alibaba, paying $1 billion for a stake in the company in 2005. Yahoo likely made $8.3 billion to $9.5 billion in Alibaba’s IPO, and will still own a 16 per cent stake in the company worth $37…
THE BIGGEST: Alibaba raised $21.8 billion in its debut, making it the biggest U.S.-listed IPO in history after the IPO of credit card processing company Visa in 2008. If Alibaba’s investment banks were to exercise their option to sell an additional 48 million shares, it could make Alibaba’s IPO the biggest in the world, beating out the $22 billion IPO of Agricultural Bank of China in 2010.
DON’T FORGET YAHOO: It may have been a big day for Alibaba and its founder Jack Ma, but Yahoo’s investors are feeling pretty good after Alibaba’s IPO. Yahoo was an early investor in Alibaba, paying $1 billion for a stake in the company in 2005. Yahoo likely made $8.3 billion to $9.5 billion in Alibaba’s IPO, and will still own a 16 per cent stake in the company worth $37…
TD CEO Ed Clark says the banks compete “vigorously” with each other in the current environment and that’s good for consumers. But on the eve of his retirement, Clark would like to see the government tighten lending rules to deal with household debt.
The Supreme Court has given legal ammunition to a class-action suit that could mean a big payoff for Quebecers who used their credit cards outside Canada.
