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
Scotiabank defends practices to verify incomes before granting mortgages Sep 15th
TORONTO – Scotiabank is defending its income verification practices in light of a report that says Canadian banks allow foreign borrowers to qualify for mortgages without having to prove the source of their income.
A Globe and Mail report Wednesday said that Scotiabank’s (TSX:BNS) intern.... More »
Travel in Canada Grows Due to Weak Loonie Mar 8th
The low loonie hasn’t stopped Canadians from taking a well-deserved vacation – but we’ll be staying within the border to do so. A recent survey by Expedia finds many travellers are planning holidays on home soil to avoid hefty exchange rates, while others are taking shorter trips .... More »
Cautious optimism for federal plan to let rent count toward credit scores + MORE Apr 1st
The federal government’s commitment to have rent payments counted toward credit scores is being welcomed by companies that already offer the service, while renter advocates have raised concerns.
The plan to make the practice more widespread is encouraging, said Andrew Graham, chief executiv.... More »
Herbalife, Wells Fargo gain; Caesars Entertainment sinks Aug 29th
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Monday:
Herbalife Ltd., up $2.80 to $63.30
Billionaire investor Carl Icahn, the company’s largest shareholder, says he bought more shares in the supplements and weight-loss products company.
Wells Fargo & Co., up $.... More »
7 Ways to Get a Bank Account for Cheap + MORE Jul 25th
When it comes to setting up your own bank account, some may feel more comfortable with the familiar. Maybe your parents set up a youth account for you with their bank and you haven’t branched out yet (no pun intended). Or, perhaps, you’re wary of financial security outside of the big five banks.... More »
Greece takes reform proposals to negotiating table; gov’t suffered dissent in parliament vote
– canadianbusiness.com
ATHENS, Greece – Greece’s negotiators head to Brussels on Saturday armed with their reform proposals and parliamentary backing to seek a third bailout, but with the shadow of severe dissent from governing lawmakers hanging over them.
Finance Minister Euclid Tsakalotos was to meet with his 18 colleagues from the other eurozone countries Saturday afternoon to discuss the Greek proposals, which contain tax hikes and deep spending cuts, including on pensions, that the six-month-old left-wing government had so far resisted.
Without a deal Greece, already desperately low on cash, its banks shut for the past two weeks and its population restricted on cash withdrawals, risks crashing out of Europe’s joint currency, the euro. It would be the first country to do so, and the consequences for the country and global markets would be unpredictable.
The austerity measures Prime Minister Alexis Tsipras’ government is proposing are so far from his radical left Syriza party’s policies that he suffered severe dissent in a late-night parliamentary debate that culminated in a 3:30 a…
Finance Minister Euclid Tsakalotos was to meet with his 18 colleagues from the other eurozone countries Saturday afternoon to discuss the Greek proposals, which contain tax hikes and deep spending cuts, including on pensions, that the six-month-old left-wing government had so far resisted.
Without a deal Greece, already desperately low on cash, its banks shut for the past two weeks and its population restricted on cash withdrawals, risks crashing out of Europe’s joint currency, the euro. It would be the first country to do so, and the consequences for the country and global markets would be unpredictable.
The austerity measures Prime Minister Alexis Tsipras’ government is proposing are so far from his radical left Syriza party’s policies that he suffered severe dissent in a late-night parliamentary debate that culminated in a 3:30 a…
