Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Business Highlights + MORE Jul 7th
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Greece gets until Sunday for proposals to stave off collapse
BRUSSELS (AP) — Frustrated and angered eurozone leaders gave Greek Prime Minister Alexis Tsipras a last-minute chance on Tuesday to finally come up with a viable proposal on how to save his country from financial ruin.
Overcoming the.... More »
Before It’s Too Late! Best Credit Card Welcome Offers of March 2020 Mar 2nd
New cardmembers can score additional cash back, or points from great welcome offers, and earn that trip or reward that much sooner. But will you actually qualify for that extra 35,000 bonus points? How much extra cash back might you see before the promotion expires? We’ve made it easy for you and.... More »
U.S. Senate approves bill easing bank rules in step to rewrite reforms Mar 15th
Bill would ease tight restrictions on small banks and community lenders and includes a number of other provisions beneficial to all but the largest U.S. banks
.... More »
The best GIC rates in Canada for 2025 + MORE May 21st
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
EQ Bank Review: The Best Place to Save Your Money? Feb 18th
It’s been a few short years since EQ Bank emerged onto the landscape of Canadian online banks. But while they may seem like the new kid on the block, their roots run much deeper.
Who Owns EQ Bank?
EQ Bank is brought to you by Equitable Bank, which has been providing residential and commercial lend.... More »
How London man may have bluffed his way to riches and helped set off the 2010 ‘flash crash’
– canadianbusiness.com
NEW YORK, N.Y. – He operated from a modest suburban London home he shared with his parents, far from the city’s glamorous financial centre. He used off-the-shelf software anyone can buy.
Yet, if U.S. authorities are correct, Navinder Singh Sarao, 36, managed to send a jolt of fear through the world’s markets by helping to set off the 2010 “flash crash,” in which the Dow Jones average plunged 600 points in less than seven minutes.
Just how big a role he played has been hotly debated since the federal complaint was unsealed earlier this week, but the idea that a little-known investor had even a small part is deeply troubling, say traders and market experts.
“If this guy can do it,” asks finance professor James Angel of Georgetown University, “who else is doing it?”
In an age of rapidly advancing computer power, the fear is that it’s not just big banks and hedge funds that can create chaos on exchanges and wipe out the savings of millions of ordinary investors…
Yet, if U.S. authorities are correct, Navinder Singh Sarao, 36, managed to send a jolt of fear through the world’s markets by helping to set off the 2010 “flash crash,” in which the Dow Jones average plunged 600 points in less than seven minutes.
Just how big a role he played has been hotly debated since the federal complaint was unsealed earlier this week, but the idea that a little-known investor had even a small part is deeply troubling, say traders and market experts.
“If this guy can do it,” asks finance professor James Angel of Georgetown University, “who else is doing it?”
In an age of rapidly advancing computer power, the fear is that it’s not just big banks and hedge funds that can create chaos on exchanges and wipe out the savings of millions of ordinary investors…
