Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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Scotiabank Scrambles to Fix Credit Card Statement Errors + MORE Nov 7th
On October 20, 2019, Scotiabank identified a technical error where legitimate charges on certain customers’ credit card statements were mislabeled as “BNS Scotia Life Insurance.” The mistaken charges all took place between October 18 and 20. Many customers were angry and took to.... More »
These preferred shares are looking particularly attractive right now Dec 13th
If central banks continue to hike rates, some underperforming segments of the market could flip to provide the best opportunities
.... More »
Bank of Montreal CEO Bill Downe to retire in October; successor is Darryl White + MORE Apr 8th
After more than a decade at the helm, the Bank of Montreal’s Bill Downe has announced plans to retire as CEO on Oct. 31.
He will be succeeded by Darryl White, who is currently the bank’s (TSX:BMO) chief operating officer.
In a statement issued Friday, BMO chairman Robert Prichard highlig.... More »
The best credit cards in Canada for 2024 + MORE Apr 3rd
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The best credit cards in Canada for 2024
Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport lounge access, we can help.
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Canada's major banks hiking fees while pulling in big profits + MORE Jun 13th
If you’re already feeling gouged by bank fees, it may be time to check your statements. Almost all of Canada’s big banks are doling out some kind of personal banking fee increase this year..... More »
European Court of Justice upholds ruling on central bank plan that helped stem crisis
– canadianbusiness.com
FRANKFURT – The European Court of Justice has delivered a ruling strengthening the European Central Bank’s hand in intervening in financial markets — backing that could come in handy amid fears Greece will default on its debts and possibly leave the 19-country euro currency union.
In a decision Tuesday in Luxembourg, the court upheld the ECB’s 2012 offer to buy the bonds of countries whose governments face excessive market borrowing costs. The offer has helped reassure markets — even though no country has used it. High borrowing costs can push a country to need a bailout package of rescue loans, as happened with Greece, Portugal and Ireland.
The offer was challenged by a conservative German lawmaker and others who argue the ECB overstepped its legal powers and strayed into using its monetary powers to lend financial aid to governments.
The court disagreed, saying the bond-purchase offer “falls within monetary policy and within the powers” of the European system of central banks with the ECB at its head…
In a decision Tuesday in Luxembourg, the court upheld the ECB’s 2012 offer to buy the bonds of countries whose governments face excessive market borrowing costs. The offer has helped reassure markets — even though no country has used it. High borrowing costs can push a country to need a bailout package of rescue loans, as happened with Greece, Portugal and Ireland.
The offer was challenged by a conservative German lawmaker and others who argue the ECB overstepped its legal powers and strayed into using its monetary powers to lend financial aid to governments.
The court disagreed, saying the bond-purchase offer “falls within monetary policy and within the powers” of the European system of central banks with the ECB at its head…
