Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
Scotiabank's playbook: More deals in Latin America + MORE Jun 5th
As the Canadian lender targets a slightly smaller regional rival to hit that 10-per-cent market-share threshold, the bank is working through a relatively short list of takeover targets – approximately a dozen banks in both Mexico and Chile fit the bill
.... More »
Housing affordability: What happens when lower home prices take on higher borrowing costs? Sep 6th
Canadian home prices are falling. Borrowing costs are increasing at an incredible rate. It’s the battle royale of home ownership affordability: Will wannabe home owners benefit from the real estate market correction, or will their dreams be crushed by the rising mortgage costs that are causing it?.... More »
Aggressive Acquisition Strategy Hits Scotiabank’s Stock Price as Investor Skepticism Mounts Sep 13th
The Globe and Mail, Tim Kiladze, 12 September 2018
After a stunning run of acquisitions, Bank of Nova Scotia is feeling the heat. Shares of Canada’s third-largest lender are suffering relative to rival Big Six banks, and the pressure is on management to prove its recent spate of deals was worth i.... More »
Trump says U.S. is ready to act alone on North Korea Apr 3rd
US President Donald Trump holds a National Economic Council listening session with the CEOs of small and community banks, in the Roosevelt Room at the White House in Washington, DC, USA, 09 March 2017. Trump wants to hear from some twelve CEOs what might prevent them from lending to consumers and sm.... More »
What CIBC’s head of equities has been buying and selling + MORE May 31st
He also likes banks, some energy companies but has been trimming Dollarama and Waste Connections; and he wishes he bought Shopify sooner
.... More »
One of the world’s leading investment banks says the price of the North American oil benchmark is going to fall even further, to $70 a barrel by next spring.
U.S. crude falls to 28-month low, Brent slides as Goldman cuts forecast
– theglobeandmail.com
Goldman Sachs joins other banks in lowering price forecasts amid concern supplies are outpacing demand
MasterCard Introduces Thumbprint Credit Card Technology
– ratesupermarket.ca
In the ongoing efforts to thwart credit card fraud, those rectangular pieces of plastic we all carry in our wallets are about to take a futuristic leap in security measures: MasterCard recently unveiled the world’s first bio-metric credit card, which uses the cardholder’s thumbprint to verify their identity.
Also read: The Top 5 MasterCards in Canada>
European Advancements in Security
European banks have long been at the forefront in introducing new security measures for credit and debit cards. While “chip and pin” technology is now ubiquitous across Canada, I first saw it in action in France more than a decade ago. After a meal on a Parisian patio with friends who lived there, I watched in amazement as the husband punched his PIN into a wireless device and paid for the tab from the table. It was five or more years later when I finally had the same experience at home.
Those PIN-enabled cards have more recently given way to contactless cards that you simply tap onto the swipe machines at the cash register…
MasterCard Introduces Thumbprint Credit Card Technology
– ratesupermarket.ca
In the ongoing efforts to thwart credit card fraud, those rectangular pieces of plastic we all carry in our wallets are about to take a futuristic leap in security measures: MasterCard recently unveiled the world’s first bio-metric credit card, which uses the cardholder’s thumbprint to verify their identity.
Also read: The Top 5 MasterCards in Canada>
European Advancements in Security
European banks have long been at the forefront in introducing new security measures for credit and debit cards. While “chip and pin” technology is now ubiquitous across Canada, I first saw it in action in France more than a decade ago. After a meal on a Parisian patio with friends who lived there, I watched in amazement as the husband punched his PIN into a wireless device and paid for the tab from the table. It was five or more years later when I finally had the same experience at home.
Those PIN-enabled cards have more recently given way to contactless cards that you simply tap onto the swipe machines at the cash register…
Europe Stresses the Positive
– online.wsj.com
Banks can’t lend more if there aren’t more borrowers.
