Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Video: How the bank of Canada’s interest rate affects you Mar 8th
Think of the Bank of Canada (BoC) as the “influencer of all influencers” when it comes to interest rates. Banks and other financial institutions follow its lead. Learn more about how the BoC’s overnight interest rate impacts you in this short video, featuring MoneySense executive editor Lisa H.... More »
How to Use Your Credit Card Rewards to Give Dad a Fantastic Father’s Day + MORE Jun 15th
Father’s Day is just around the corner on Sunday, June 21, 2020, to be exact. If it slipped your mind, don’t worry, you still have time to grab a gift and plan something special. Whether you are preparing to host a virtual brunch or a socially distanced backyard barbeque, you can celebrate dad .... More »
TSX tumbles 247 points despite big profits at big banks Feb 25th
Canada's benchmark stock index had its worst day of the year as oil prices moved lower and financial firms sold off, despite record earnings at some of Canada's biggest banks..... More »
Will GIC rates keep going up in 2024? Dec 23rd
As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict wit.... More »
Bank of Canada may lose billions in coming years, think tank warns - CBC News + MORE Jan 12th
Bank of Canada may lose billions in coming years, think tank warns CBC NewsOpinion: The Bank of Canada's millions in balance-sheet losses are only the beginning The Globe and MailPosthaste: Bank of Canada could lose up to $8.8 billion over next few years: report Fina.... More »
Canada’s Big Six facing headwinds ahead of first-quarter reports
– theglobeandmail.com
Weak oil prices, lower interest rates, slowing economy and share-price pressures all in play as Canada's Big Banks prepare first-quarter reports
Asian shares mostly gain after Greek bailout deal eases fears over possible exit from eurozone
– canadianbusiness.com
TOKYO – Asian stock markets were mostly higher Monday after Greece and its European creditors reached an agreement that staved off the immediate threat of bankruptcy and exit from the euro though hurdles remain to cementing the short-term funding deal.
KEEPING SCORE: Japan’s benchmark Nikkei 225 stock index gained 0.7 per cent to 18,454.14 and South Korea’s Kospi rose 0.3 per cent to 1,968.21. Australia’s S&P ASX/200 rose 0.5 per cent to 5,908.00. Hong Kong’s Hang Seng was little changed, at 24,806.19, after reopening following Lunar New Year holidays. Markets in Southeast Asia were mostly higher, and markets in mainland China were still closed.
GREECE’S DEAL: The four month extension averted bankruptcy and capital controls and ensures banks will have enough money to stock up their ATMs. But the Greek government must present economic reform measures by Monday that are deemed acceptable by creditors and rooted in Greece’s previously enacted bailout agreement, which is something the government had promised not to do…
KEEPING SCORE: Japan’s benchmark Nikkei 225 stock index gained 0.7 per cent to 18,454.14 and South Korea’s Kospi rose 0.3 per cent to 1,968.21. Australia’s S&P ASX/200 rose 0.5 per cent to 5,908.00. Hong Kong’s Hang Seng was little changed, at 24,806.19, after reopening following Lunar New Year holidays. Markets in Southeast Asia were mostly higher, and markets in mainland China were still closed.
GREECE’S DEAL: The four month extension averted bankruptcy and capital controls and ensures banks will have enough money to stock up their ATMs. But the Greek government must present economic reform measures by Monday that are deemed acceptable by creditors and rooted in Greece’s previously enacted bailout agreement, which is something the government had promised not to do…
