Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Making sense of the markets this week, October 31, 2021 Oct 30th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Scotiabank says 8 rate hikes are on the way
Scotiabank’s Derek Holt shared that we could see eight rate hikes in Canada over the next two years. That is ag.... More »
The best credit cards in Canada for 2024 Mar 1st
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The best credit cards in Canada for 2024
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Central bank interest rate hikes begin to squeeze indebted consumers - Vancouver Sun + MORE Sep 7th
Vancouver SunCentral bank interest rate hikes begin to squeeze indebted consumersVancouver SunAnother house sold in Vancouver: Analysts say the future of the Metro market depends on the success of China's efforts to crack down on export of capital. Jonathan Hayward / THE CANADIAN PRESS. Share A.... More »
Apple, Chinese partner announce plans to launch Apple Pay electronic payment service in China Dec 18th
BEIJING, China – Apple Inc. and China’s state-owned credit card processor announced plans Friday to launch the smartphone-based Apple Pay electronic payment system in China.
Apple and China UnionPay said they plan to roll out the system in early 2016, pending approval by regulators. Chin.... More »
As Expected: Bank of Canada Maintains 1% Overnight Rate + MORE Dec 6th
In its last announcement for the year, the Bank of Canada revealed it is leaving its benchmark interest rate unchanged at one per cent. This comes after the Bank raised rates twice in 2017 – once by a quarter point in July and again by a quarter point in September.
None of the big five banks ha.... More »
Apple Pay To Come to Canada
– ratesupermarket.ca
According to various reports, Apple plans to launch Apple Pay, a service that allows users to seamlessly make payments via their iPhone, iPad or Apple Watch, sometime this fall. Here’s what early adopters need to know.
Phoning It In
Apple Pay launched in the U.S. last October. It enables users to make payments directly from their Apple devices at retailers equipped with “near-field communications” (NFC) contactless point-of-sale transaction machines. Once registered with an enabled device, to make a payment users simply hold their finger over the fingerprint sensor. If your phone is lost or stolen, you can remotely disable the service via Apple’s Find My iPhone application.
Banks Balking at Apple Pay Canada
Canada is a logical place for Apple to start taking the system global: according to the Canadian Bankers Association, more than half of us do the majority of our banking online and, by 2011, 31 per cent of Canucks had used mobile banking (a number that has surely gone up).
But, more relevant to a rollout is that about one-third of all Canadian smartphones are iPhones and, by the end of the year, virtually all credit card readers will be equipped with the NFC contactless payment system required to work with Apple Pay…
Central banks filled with policy makers with little real-world experience
– theglobeandmail.com
It's rare for an industry executive or a business leader to be at the helm of a central bank. Instead, boards are packed with economists and academics, meaning monetary policy is mostly decided by unelected theoreticians who have little stake in the game.
Apple Pay To Come to Canada
– ratesupermarket.ca
According to various reports, Apple plans to launch Apple Pay, a service that allows users to seamlessly make payments via their iPhone, iPad or Apple Watch, sometime this fall. Here’s what early adopters need to know.
Phoning It In
Apple Pay launched in the U.S. last October. It enables users to make payments directly from their Apple devices at retailers equipped with “near-field communications” (NFC) contactless point-of-sale transaction machines. Once registered with an enabled device, to make a payment users simply hold their finger over the fingerprint sensor. If your phone is lost or stolen, you can remotely disable the service via Apple’s Find My iPhone application.
Banks Balking at Apple Pay Canada
Canada is a logical place for Apple to start taking the system global: according to the Canadian Bankers Association, more than half of us do the majority of our banking online and, by 2011, 31 per cent of Canucks had used mobile banking (a number that has surely gone up).
But, more relevant to a rollout is that about one-third of all Canadian smartphones are iPhones and, by the end of the year, virtually all credit card readers will be equipped with the NFC contactless payment system required to work with Apple Pay…
