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Video: How the Bank of Canada’s interest rate affects you Apr 13th
Think of the Bank of Canada (BoC) as the “influencer of all influencers” when it comes to interest rates. Banks and other financial institutions follow its lead. Learn more about how the BoC’s overnight interest rate impacts you in this short video, featuring MoneySense executive editor Lisa H.... More »
CitiBank Cuts Travel Insurance On Credit Cards Jul 4th
Canadians with Citibank cards may enjoy the benefits that come with it, including travel and insurance perks. But as of September 22, 2019, Citibank has announced it is slashing those benefits – particularly the ones associated with travel.
The benefits that will no longer be honored are worldwid.... More »
How to Buy and Sell Bitcoin and Other Cryptocurrency in Canada Aug 26th
If you pay attention to investing news at all, it’s impossible not to notice the emergence of Bitcoin. This speculative currency has become enormously popular in Canada, with online exchanges and Bitcoin ATMs showing up just about everywhere. Still, there are many questions that need to be asked. .... 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 »
The best high-interest savings accounts in Canada for 2024 May 3rd
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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China cuts interest rates for 4th time, eases lending to small biz, to boost sluggish economy
– canadianbusiness.com
BEIJING, China – China’s central bank has announced the fourth recent round of interest cuts and lower reserve requirement ratios for small businesses, as Beijing tries to shore up the country’s sluggish economy.
The People’s Bank of China said Saturday that it would cut the rate on a one-year loan by commercial banks by 0.25 percentage point to 4.85 per cent. The interest rate paid on a one-year deposit was lowered by 0.25 point to 2 per cent.
Rates were cut on Nov. 22, March 1 and then May 11. The new rates take effect Sunday.
The central bank also says the reserve requirement ratios to small businesses would be lowered by 50 points, a move that would boost lending.
Economic growth has slowed in China, and its stock markets plunged Friday.
The post China cuts interest rates for 4th time, eases lending to small biz, to boost sluggish economy appeared first on Canadian Business – Your Source For Business News.
The People’s Bank of China said Saturday that it would cut the rate on a one-year loan by commercial banks by 0.25 percentage point to 4.85 per cent. The interest rate paid on a one-year deposit was lowered by 0.25 point to 2 per cent.
Rates were cut on Nov. 22, March 1 and then May 11. The new rates take effect Sunday.
The central bank also says the reserve requirement ratios to small businesses would be lowered by 50 points, a move that would boost lending.
Economic growth has slowed in China, and its stock markets plunged Friday.
The post China cuts interest rates for 4th time, eases lending to small biz, to boost sluggish economy appeared first on Canadian Business – Your Source For Business News.
Greeks called upon to vote on bailout proposal; eurozone ministers gather to discuss situation
– canadianbusiness.com
ATHENS, Greece – Anxiety over Greece’s future swelled on Saturday, with people queuing outside banks to withdraw cash, after Prime Minister Alexis Tsipras’ call to have the people vote on a proposed bailout deal increases the risks that the country might fall out of the euro.
The call for a vote radically raises the stakes in a standoff between Greece and its creditors over the terms for more financial support to the country. Greece’s bailout program expires on Tuesday, after which it is unclear whether its banks would be able to avoid collapse.
The Greek Parliament is due to debate and vote at midnight Saturday on the government’s request for a referendum as finance ministers from the 19 euro countries, Greece’s main creditors, were gathering to discuss the situation in Brussels.
About 50 people, most visibly anxious, were waiting early in the morning outside a Piraeus Bank branch in central Athens, one of very few that opens on Saturdays, before they found out it wouldn’t be opening after all…
The call for a vote radically raises the stakes in a standoff between Greece and its creditors over the terms for more financial support to the country. Greece’s bailout program expires on Tuesday, after which it is unclear whether its banks would be able to avoid collapse.
The Greek Parliament is due to debate and vote at midnight Saturday on the government’s request for a referendum as finance ministers from the 19 euro countries, Greece’s main creditors, were gathering to discuss the situation in Brussels.
About 50 people, most visibly anxious, were waiting early in the morning outside a Piraeus Bank branch in central Athens, one of very few that opens on Saturdays, before they found out it wouldn’t be opening after all…
