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 not ready to call end to oil uncertainty just yet Sep 5th
The biggest banks set aside considerably less money in the third quarter to cover bad loans than they did in the previous quarter, easing concerns about their exposure
.... More »
The best high-interest savings accounts in Canada for 2024 Jun 7th
Save
The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
Compare now
Tap the button for more details.
W.... More »
Introducing KOHO, a unique financial service app Aug 17th
Nowadays, consumers can shop around for the low- or no-fee accounts, competitive interest rates, and additional features they want. And banks aren’t the only ones delivering financial services to Canadians. Fintechs, which integrate technologies into the financial sector, have empowered developers.... More »
Greece’s forced 3-week bank closure ends Monday but restrictions on withdrawing cash remain + MORE Jul 19th
ATHENS, Greece – Greek banks are reopening Monday after a forced 3-week closure but restrictions on cash withdrawals will remain.
In a decree Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit. For example, a depositor who doesn’.... More »
Cardi B. and Elon Musk Think We’re Headed for a Recession Jun 9th
Tesla CEO Elon Musk and rapper Cardi B. are sounding the alarm on the economy.
Last week, in an email to Tesla executives titled “pause all hiring worldwide,” Musk said he had a “super bad feeling” about the economy and told executives to cut 10 per cent of jobs at the company. (Sin.... More »
Why super-low inflation can pose a threat to economies like Japan’s
– canadianbusiness.com
WASHINGTON – In explaining its surprise move Friday to inject more stimulus into the financial system, the Bank of Japan cited one main factor: Prices that are too low.
Japanese central bankers worry that prices are starting to flat-line, especially amid tumbling crude oil costs and lacklustre consumer demand. The BOJ warned that without action, Japan could find itself slipping back into the same “deflationary mindset” that has hampered the world’s third-largest economy for much of the last two decades.
Extremely low inflation might seem like a healthy quality for an economy. Stagnant prices certainly feel better than the double-digit inflation that bedeviled the United States in the 1970s. But excessively low inflation can be just as destructive for an economy as runaway price increases.
The BOJ and other major central banks regard 2 per cent as a healthy long-term inflation target. The latest data for Japan showed that a gauge of core inflation, which excludes volatile food and energy prices, fell shy of even 1 per cent…
Japanese central bankers worry that prices are starting to flat-line, especially amid tumbling crude oil costs and lacklustre consumer demand. The BOJ warned that without action, Japan could find itself slipping back into the same “deflationary mindset” that has hampered the world’s third-largest economy for much of the last two decades.
Extremely low inflation might seem like a healthy quality for an economy. Stagnant prices certainly feel better than the double-digit inflation that bedeviled the United States in the 1970s. But excessively low inflation can be just as destructive for an economy as runaway price increases.
The BOJ and other major central banks regard 2 per cent as a healthy long-term inflation target. The latest data for Japan showed that a gauge of core inflation, which excludes volatile food and energy prices, fell shy of even 1 per cent…
