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
Canadian banks argue against Canada Post getting into banking Jul 14th
The lobby group representing Canada's big banks says there's no need for Canada Post to expand onto their turf because Canadians already have an abundant choice of financial services..... More »
PM hopes to attract billions in private capital for infrastructure projects + MORE Nov 13th
OTTAWA – Prime Minister Justin Trudeau will take an important step Monday toward his ambitious goal of turning Canada into a magnet for foreign investment when he meets with some of the world’s most powerful institutional investors with trillions of dollars at their disposal.
Trudeau is .... More »
Will Italy’s political drama spawn a new eurozone crisis? Dec 6th
LONDON – Italy is facing political upheaval after Premier Matteo Renzi said he’s resigning after a crushing defeat in a nationwide referendum. Investors, though used to political drama in Rome, are trying to gauge the impact on the country’s economy and the wider eurozone.
Some clo.... More »
Making sense of the markets this week: June 28 Jun 26th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Are the markets throwing a taper tantrum?
The term “taper” and the possibility of a “taper tantrum” jumped into business news and headlines this past week. What is all.... More »
'This pace cannot last forever': 2 big banks sound alarm on Toronto house prices Mar 17th
Two big banks are waving red flags about Toronto housing prices, calling them "simply unsustainable" and a "bubble" in separate reports..... More »
Will Ottawa accept voluntary plan to cut interchange fees?
– moneysense.ca
(Kali Nine LLC/Getty Images)OTTAWA – The federal government’s battle to lower the fees retailers pay to use credit cards — and theoretically cut costs for consumers — may be coming to an end.
Ottawa could announce an agreement among the credit card companies, big banks and the Competition Bureau today that may result in a reduction of so-called interchange rates.
MasterCard has proposed an as-yet-undisclosed “voluntary” solution to the government after retailers and the Competition Bureau demanded lower fees.
Merchants are charged fees ranging from $1.50 to $3 for every $100 spent when consumers use credit cards to make purchases.
The Harper Conservatives have been promising to force rates lower as part of their consumer-friendly agenda.
But the Opposition New Democrats say they’ll be looking at the fine print before deciding whether they think consumers would benefit from the deal.
Here are some other events expected to take place today on and around Parliament Hill:
— Foreign Affairs Minister John Baird and junior minister Lynne Yelich will meet with Ahmed Shaheed, the UN Special Rapporteur on the human rights situation in Iran;
— The Supreme Court of Canada will issue a decision in the case of Luis Alberto Hernandez Febles, a Cuban national who was denied refugee status after entering Canada from the U…
