The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
Latest News
Regulator tells Canadian banks to pay more attention to their mortgage loans Jul 8th
Canada's top banking regulator is telling the big banks to pay more attention to who they are giving mortgages to, and warning them that it is stepping up its scrutiny of their loan books..... More »
Mortgage rates are rising + MORE Dec 9th
Mortgage rates have been so low, for so long, that it almost feels like they’ll never rise. Even the Bank of Canada’s latest decision to keep overnight target rates at 0.5% is the equivalent of saying: We’re keeping with the status quo.
But according to media reports banks have quietly .... More »
Wise Review (formerly TransferWise): A Better Way to Conduct Foreign Exchange? May 14th
The high fees and bloated exchange rates incurred when sending and receiving foreign currency can be a bitter pill to swallow. This is especially true for anyone who has to send international money transfers regularly.
Much of the problem lies in the exchange rates offered by banks, which are priced.... More »
Canada’s banks pumped up the housing bubble + MORE Mar 10th
Royal Bank of Canada Chief Executive David McKay flattered some Bay Street reporters with rare interviews the other day, having just conducted another clinic in money making by guiding his 148-year-old institution to a record quarterly profit of $3 billion. What better time for a banker to subject .... More »
Home Capital woes sideswipe shares of smaller banks May 28th
Laurentian and Canadian Western Bank, which both report results this week, deserve a second look
.... More »
Uncharted territory: Faltering negotiations over Greek debt raise chance of financial disaster
– canadianbusiness.com
FRANKFURT – OK, guys. You can swerve now.
In the game of chicken between Greece and its creditors over whether the troubled country gets more bailout cash, each side has played its part, refusing to back down. Now time is running out and the politicians behind the opposing steering wheels are dangerously close to getting what neither side wants: a head-on collision.
Greece’s bailout program expires in 10 days and money is draining from the country’s banks. The resulting financial blowup could slip out of control and lead to Greece’s departure from the 19-nation eurozone.
While it would be devastating economically for Greece, some predict it would be manageable for Europe and the global economy. The truth is nobody really knows.
Whether that’s a risk worth taking will be the question facing the government leaders from the 19 countries that use the shared euro currency when they hold yet another emergency summit on Monday.
Greece’s eurozone partners – led by Germany – are willing to lend it more money…
In the game of chicken between Greece and its creditors over whether the troubled country gets more bailout cash, each side has played its part, refusing to back down. Now time is running out and the politicians behind the opposing steering wheels are dangerously close to getting what neither side wants: a head-on collision.
Greece’s bailout program expires in 10 days and money is draining from the country’s banks. The resulting financial blowup could slip out of control and lead to Greece’s departure from the 19-nation eurozone.
While it would be devastating economically for Greece, some predict it would be manageable for Europe and the global economy. The truth is nobody really knows.
Whether that’s a risk worth taking will be the question facing the government leaders from the 19 countries that use the shared euro currency when they hold yet another emergency summit on Monday.
Greece’s eurozone partners – led by Germany – are willing to lend it more money…
Greeks fear bank closures — and possible 'Grexit' — if deal isn't made at … – National Post
– news.google.ca
National PostGreeks fear bank closures — and possible 'Grexit' — if deal isn't made at …National PostEither Greece's banks will open on Monday and Christos Dranos's butcher's shop will still be in business. Or they won't and his shop and the country's ties to the Euro will be in serious peril. “How am I going to buy my meat next week if the banks are closed …Several thousand rally in Athens against austerityReuters CanadaA Reckoning for Greek BrinkmanshipWall Street JournalGreece offers new proposals ahead of emergency summitReutersFinancial Times -Irish Times -Hindustan Timesall 777 news articles »
Greeks fear bank closures — and possible 'Grexit' — if deal isn't made at … – National Post
– news.google.ca
National PostGreeks fear bank closures — and possible 'Grexit' — if deal isn't made at …National PostEither Greece's banks will open on Monday and Christos Dranos's butcher's shop will still be in business. Or they won't and his shop and the country's ties to the Euro will be in serious peril. “How am I going to buy my meat next week if the banks are closed …Several thousand rally in Athens against austerityReuters CanadaA Reckoning for Greek BrinkmanshipWall Street JournalGreece offers new proposals ahead of emergency summitReutersFinancial Times -Irish Times -Hindustan Timesall 777 news articles »
