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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Business Highlights + MORE Feb 9th
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Companies lose billions buying back their own stock
NEW YORK (AP) — If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what’s going on inside businesses than anyone else: companies that buy .... More »
Federal consumer agency delays report on Canadian banks' sales practices Dec 30th
The Financial Consumer Agency of Canada won't be releasing the results of its review of business practices among Canada's major banks by the end of the year, as originally anticipated..... More »
Royal Bank cuts 5-year fixed mortgage rate, others likely to follow suit Jan 18th
Canada's biggest bank has cut its five-year fixed-term mortgage rate, a move other banks are likely to try to match in short order..... More »
Making sense of the markets this week: October 2 Oct 1st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Bears are beating the bulls this year, but don’t bulls always win?
As share prices continue to fall faster than earnings in almos.... More »
The GTA’s top neighbourhoods + MORE Apr 12th
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Overview
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Banks Cut Savings Account Rates Post BoC Announcement
– ratesupermarket.ca
Canadians were blindsided last week when the Bank of Canada announced it was cutting the interest rate to 0.75 per cent. Although most economists had been predicting a rate hike sometime in 2015, plummeting oil prices forced the hand of our central bank.
The Big Banks Stand Pat on Prime Rate
Reducing the overnight lending rate has a far-reaching impact that will be felt throughout the Canadian economy. The Bank of Canada’s hope is that lower interest rates will help jump start our stalling economy – but it’s a good news, bad news story for most Canadian consumers. Borrowers can expect to pay less on their debt repayments once the banks in turn cut their Prime rates (so far, RBC is the only lender to announce a Prime cut to 2.85 per cent, effective January 28) . While historically, banks have taken only days to cut Prime after a rate cut, no one has made a move yet. In fact, TD Bank has already publically announced it will not be lowering its prime rate in response to this month’s rate announcement…
Banks Cut Savings Account Rates Post BoC Announcement
– ratesupermarket.ca
Canadians were blindsided last week when the Bank of Canada announced it was cutting the interest rate to 0.75 per cent. Although most economists had been predicting a rate hike sometime in 2015, plummeting oil prices forced the hand of our central bank.
The Big Banks Stand Pat on Prime Rate
Reducing the overnight lending rate has a far-reaching impact that will be felt throughout the Canadian economy. The Bank of Canada’s hope is that lower interest rates will help jump start our stalling economy – but it’s a good news, bad news story for most Canadian consumers. Borrowers can expect to pay less on their debt repayments once the banks in turn cut their Prime rates (so far, RBC is the only lender to announce a Prime cut to 2.85 per cent, effective January 28) . While historically, banks have taken only days to cut Prime after a rate cut, no one has made a move yet. In fact, TD Bank has already publically announced it will not be lowering its prime rate in response to this month’s rate announcement…
CBC.caRCMP seek bank robbery suspect active in Saskatchewan, Alberta and BCCBC.caRCMP from Alberta, British Columbia and Saskatchewan are working together to identify a suspect in bank robberies across the three provinces. RCMP say the suspect is believed to have committed eight robberies since Dec. 1, 2014. In each incident, the …Mounties searching for suspect in 8 armed bank robberies across 3 provinces …Calgary HeraldSerial robber holds up 8 banks in 8 weeks across Western CanadaSaskatoon StarPhoenixAldergrove bank robbery suspect a modern-day Jesse JamesLangley TimesRegina Leader-Post -BCLocalNews -The Battlefords News-Optimistall 37 news articles »
CBC.caRCMP seek bank robbery suspect active in Saskatchewan, Alberta and BCCBC.caRCMP from Alberta, British Columbia and Saskatchewan are working together to identify a suspect in bank robberies across the three provinces. RCMP say the suspect is believed to have committed eight robberies since Dec. 1, 2014. In each incident, the …Mounties searching for suspect in 8 armed bank robberies across 3 provinces …Calgary HeraldSerial robber holds up 8 banks in 8 weeks across Western CanadaSaskatoon StarPhoenixAldergrove bank robbery suspect a modern-day Jesse JamesLangley TimesRegina Leader-Post -BCLocalNews -The Battlefords News-Optimistall 37 news articles »
RBC and BMO lower prime lending rates – CBC.ca
– news.google.ca
CBC.caRBC and BMO lower prime lending ratesCBC.caRoyal Bank and Bank of Montreal both dropped their prime lending rates late Tuesday, almost a week after the Bank of Canada cut its key lending rate. But the cut is smaller than what the central bank had announced. Royal Bank was the first of the big banks …RBC and BMO cut prime rate to 2.85 per cent, other banks expected to followCTV NewsRoyal Bank of Canada first Canadian bank to cut prime rateReuters CanadaRoyal Bank, Bank of Montreal cut prime to 2.85% from 3%The Globe and Mail (subscription)Toronto Star -Bloomberg -The Provinceall 181 news articles »
