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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The 10 best rewards credit cards in Canada for July 2023 + MORE Jul 1st
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The 10 best no-fee credit cards in Canada for July 2023
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Federal centre flags signs of cash linked to fentanyl scourge in new alert Jan 31st
OTTAWA _ Traffickers are exploiting Canadian money service businesses to buy deadly fentanyl from overseas and then launder the proceeds through banks and credit unions, warns the national financial intelligence agency.
The federal Financial Transactions and Reports Analysis Centre is issuing a deta.... More »
The best GIC rates in Canada for 2024 Jun 28th
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The best GIC rates in Canada
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Sports teams, vendor want right to run 50-50 raffles in California; some nonprofits call foul + MORE Aug 29th
SACRAMENTO, Calif. – The pitch is for charity, but the call could favour California’s professional sports teams.
California’s major league sports clubs and a leading raffle vendor are lobbying state lawmakers for the exclusive right to conduct charitable gambling at professional sp.... More »
The U.S. Needs Two More Federal Reserve Banks Mar 16th
The people living in the Western states don’t have the voice in Washington they deserve..... More »
Rescuers pull 15 survivors from plane wreck in Taiwan
– macleans.ca
In the above combination of photos taken from video, a TransAsia Airways plane banks sharply, then clips a road and a vehicle before careening into a shallow river in Taipei, Taiwan, after takeoff Wednesday. The dramatic footage aired by Taiwanese television station TVBS came from an employee’s car dashboard camera. The driver and passenger in the taxi struck by the wing were injured, and rescuers were searching in the water and the plane fuselage for people missing in the crash.
TAIPEI, Taiwan — Rescuers used a crane to hoist a wrecked TransAsia Airways plane from a shallow river in Taiwan’s capital late Wednesday as they searched into the night for 18 people missing in a crash that killed at least 25 others.
Flight 235 with 58 people aboard — most of them travellers from China — banked sharply on its side shortly after takeoff from Taipei, clipped a highway bridge and then careened into the Keelung River.
Rescuers in rubber rafts pulled 15 people from the wreckage during daylight…
Canadian Finance Minister Joe Oliver says the way the country’s big chartered banks police potential money-laundering activities is an issue the government is “very much attuned to.”
ECB steps up financial pressure on Greece to reach deal, limits borrowing options for banks
– canadianbusiness.com
FRANKFURT – The European Central Bank has added pressure on the Greek government by withdrawing a key borrowing option for the country’s banks.
The ECB on Wednesday said Greek banks could no longer access ECB credit by using Greek government bonds or bonds guaranteed by the government.
The ECB had allowed the use of Greece’s junk-rated bonds as collateral because the government was getting a financial lifeline though a bailout program that expires Feb. 28. The ECB said in a statement that prospects for a new deal appear uncertain.
Greece’s new government has rejected the austerity conditions attached to the bailout loans, saying cutbacks have devastated the economy. It is seeking a new agreement to avoid default and possible departure from the shared euro currency.
The post ECB steps up financial pressure on Greece to reach deal, limits borrowing options for banks appeared first on Canadian Business.
The ECB on Wednesday said Greek banks could no longer access ECB credit by using Greek government bonds or bonds guaranteed by the government.
The ECB had allowed the use of Greece’s junk-rated bonds as collateral because the government was getting a financial lifeline though a bailout program that expires Feb. 28. The ECB said in a statement that prospects for a new deal appear uncertain.
Greece’s new government has rejected the austerity conditions attached to the bailout loans, saying cutbacks have devastated the economy. It is seeking a new agreement to avoid default and possible departure from the shared euro currency.
The post ECB steps up financial pressure on Greece to reach deal, limits borrowing options for banks appeared first on Canadian Business.
