Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
What can I hold in an FHSA? Jan 9th
Would Canadians have access to different account types such as GICs and self-directed investing when it comes to the new tax-free first home savings account, which is rumoured to be introduced this year?It seems this would only make sense as it’s the case with other tax-sheltered accounts (i.e.... More »
The best credit cards in Canada for 2023 Dec 7th
Spend
The best credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect card*
.... More »
Banking with a credit union can save on fees—but there are limitations + MORE Aug 29th
On the surface, banking with a credit union may seem a lot like a traditional bank. But it’s not.
Credit unions are similar to commercial banks in that they offer chequing and savings accounts, mortgages, business loans, online banking and registered savings plans—all for lower or no fees .... More »
U.S. banks’ dismal first quarter may spell trouble Apr 10th
Analysts forecast a 20-per-cent decline on average in earnings from the six biggest U.S. banks, according to Thomson Reuters I/B/E/S data
.... More »
Scotia iTrade Review: A Discount Broker for Active Traders Jan 17th
Every year, advancements in mobile technology are placing the stock market at the fingertips of Canadian investors. In fact, it’s never been easier to invest on your own. One of the best ways to get started is by opening a discount brokerage account. These do-it-yourself trading accounts provide i.... More »
China’s Central Bank to cut bank reserve requirement by 1 point to stimulate slowing economy
– canadianbusiness.com
BEIJING, China – China’s Central Bank said Sunday that it will cut its bank reserve requirement ratio by 1 percentage point to stimulate more lending into a slowing economy.
The new reserve requirement will take effect Monday, the bank said in a statement. The move allows banks to hold onto less of their money and lend more of it out. The Communist Party-run People’s Daily said the cut will release 1.2 trillion yuan ($194 billion) into the world’s second-biggest economy.
The Central Bank also said it will cut an extra 1 percentage point for commercial banks providing agricultural financing and an extra 2 percentage points for the Agricultural Development Bank of China. It will also cut the requirement by an additional half a percentage point to eligible banks that lend a certain share of loans to agricultural borrowers and small businesses.
The Central Bank last cut its reserve requirement in February, when it slashed the rate to 19.5 per cent for big banks and 16 per cent for small- and medium-sized banks…
The new reserve requirement will take effect Monday, the bank said in a statement. The move allows banks to hold onto less of their money and lend more of it out. The Communist Party-run People’s Daily said the cut will release 1.2 trillion yuan ($194 billion) into the world’s second-biggest economy.
The Central Bank also said it will cut an extra 1 percentage point for commercial banks providing agricultural financing and an extra 2 percentage points for the Agricultural Development Bank of China. It will also cut the requirement by an additional half a percentage point to eligible banks that lend a certain share of loans to agricultural borrowers and small businesses.
The Central Bank last cut its reserve requirement in February, when it slashed the rate to 19.5 per cent for big banks and 16 per cent for small- and medium-sized banks…
Perth-Andover under evacuation order due to flooding risk – CBC.ca
– news.google.ca
CBC.caPerth-Andover under evacuation order due to flooding riskCBC.caThe mayor of Perth-Andover, N.B., says about 200 people have been evacuated from his community after rivers threatened to breach their banks Saturday night. One massive ice jam near the village broke up Sunday evening and moved downriver shortly …Flooding risk from iceCastanet.netEvacuation order in effect for New Brunswick village at danger of flooding …Standard BulletinFlood fears spark evac in N.B. villageThe Weather NetworkCourier Islander -CTV Newsall 34 news articles »
Perth-Andover under evacuation order due to flooding risk – CBC.ca
– news.google.ca
CBC.caPerth-Andover under evacuation order due to flooding riskCBC.caThe mayor of Perth-Andover, N.B., says about 200 people have been evacuated from his community after rivers threatened to breach their banks Saturday night. One massive ice jam near the village broke up Sunday evening and moved downriver shortly …Flooding risk from iceCastanet.netEvacuation order in effect for New Brunswick village at danger of flooding …Standard BulletinFlood fears spark evac in N.B. villageThe Weather NetworkCourier Islander -CTV Newsall 34 news articles »
Austerity’s legacy: British voters must decide who they trust to heal United Kingdom’s economy
– canadianbusiness.com
LONDON – Prime Minister David Cameron and his main opponent agree on one thing going into Britain’s May 7 election: Voters should choose the next leader based on the health of the economy.
The question is whether the patient is recovering or is still on life support after the global financial crisis.
After five years of budget cuts, Cameron is focusing on the headline numbers. Inflation is down, employment is up and the economy is growing at the fastest rate among large industrialized nations. The Conservatives need five more years to cement the gains and ensure that benefits trickle down to everyone, Cameron says.
The opposition Labour Party is urging voters to look behind the headlines. Real earnings are below pre-crisis levels, employment figures are inflated by low-skill jobs, and the safety net that protects the poorest in society has been gutted, Labour leader Ed Miliband says. The use of food banks has soared as economic insecurity increased under Cameron’s government…
The question is whether the patient is recovering or is still on life support after the global financial crisis.
After five years of budget cuts, Cameron is focusing on the headline numbers. Inflation is down, employment is up and the economy is growing at the fastest rate among large industrialized nations. The Conservatives need five more years to cement the gains and ensure that benefits trickle down to everyone, Cameron says.
The opposition Labour Party is urging voters to look behind the headlines. Real earnings are below pre-crisis levels, employment figures are inflated by low-skill jobs, and the safety net that protects the poorest in society has been gutted, Labour leader Ed Miliband says. The use of food banks has soared as economic insecurity increased under Cameron’s government…
