Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
What to Do if Your Credit Card Application is Rejected Jun 23rd
With so many ads and promotions floating around, it may appear that companies are practically giving credit cards away. However, when you apply for a credit card there is absolutely no guarantee you’ll be approved.
There might be a perfectly “good” explanation for why you were rejected. Howev.... More »
Making sense of the markets this week: April 5, 2021 Apr 5th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Serious concerns over the Canadian housing bubble
BMO has sounded the alarm with strong warnings about what many are calling a housing bubble in Canada. In fact, it’s on fir.... More »
TD Canada Trust Hikes Prime Mortgage Rate – What’s Next? + MORE Nov 4th
It was a move that came as a shock to some but not was not a surprise to others. On November 1st, TD Canada Trust became the first of the big five banks in Canada to raise its prime mortgage rate from 2.7 per cent to 2.85 per cent. The news comes only two weeks after the implementation of brand-new.... More »
Bank of Montreal economists predicting interest rate cut + MORE Jan 14th
OTTAWA – Economists at the Bank of Montreal are joining those predicting the Bank of Canada will cut its key interest rate next week.
The Bank of Montreal cited low oil prices, a weak business outlook survey and recent comments by governor Stephen Poloz as reasons for its new forecast.
Poloz recen.... More »
At the open: TSX falls, weighed by banks and materials Oct 29th
U.S. stocks lower after GDP data, Fed
.... More »
Central bank policies are diverging. Here’s where to invest now
– canadianbusiness.com
Foreign exchange desks like this one in Tokyo have been busy lately, and it can mean opportunity. (Yuya Shino/Reuters)Investors had reason to be surprised by the Bank of Canada’s Jan. 21 interest rate cut. Not only was it not telegraphed beforehand, but most experts figured rates would climb this year, after the U.S. Federal Reserve raised its rates. But as anybody paying attention to what’s been going on overseas knows, the days of central banks operating in concert are gone.
While the Fed, the world’s most important central bank, ended its stimulus program last fall and is expected to finally start raising rates from their historic lows this year, the eurozone and Japan are just initiating quantitative easing (QE) programs. Meanwhile, Canada may cut its rate again. Switzerland’s central bank shocked markets by removing its currency’s peg to the euro. “It sure is fascinating,” says Eric Lascelles, chief economist at RBC Global Asset Management, especially after the relative harmony of different nations’ monetary policies following the Great Recession…
