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.
Latest News
How Deferring Mortgage Payments Could Affect Your Credit Score + MORE Apr 14th
For the past few weeks, we’ve become accustomed to Prime Minister Trudeau’s daily update from Rideau Cottage in Ottawa. To help ease the economic impact of the COVID-19 pandemic, the government has put forward several measures intended to support those who have lost their jobs due to the outbre.... More »
Canadian banks set to reveal 1st earnings since CBC coverage on sales practices May 22nd
The Canadian banks are expected to benefit from rising U.S. interest rates and fewer bad loans in the oilpatch as they start reporting their latest quarterly results this week, but analysts say worries about the housing market and consumer debt remain key concerns..... More »
Wealthsimple launches savings account with premium rate + MORE Apr 6th
TORONTO —Robo-adviser Wealthsimple is hoping to lure clients away from traditional financial institutions by launching a savings account with a premium interest rate.
The Smart Savings account, launched in Canada and the U.S. on Thursday, will offer a 1.7 per cent interest rate north of the border.... More »
TD, CIBC hoping to shrug off choppy first-quarter earnings - The Globe and Mail + MORE Mar 1st
TD, CIBC hoping to shrug off choppy first-quarter earnings The Globe and MailCredit quality is deteriorating in Canada, and banks are feeling the impact Financial PostTD misses profit estimates by wide margin, raises dividend BNNBloomberg.caFirst-quarter earnings for.... More »
Fed official raises pressure on 'too big to fail' banks May 4th
Neel Kashkari, president of the Minneapolis Fed, is overseeing a process that will culminate in proposals to make the banking system more stable and to go beyond the measures enacted in wake of financial crisis
.... More »
Canadian consumers slow to accept mobile payments as banks look ahead
– theglobeandmail.com
White paper from six big banks finds the mobile payments industry is faced with a low acceptance rate by consumers: To date, contactless payments represent between 10 and 20 per cent of total transactions in Canada, but fewer than 25 per cent of consumers can use it
Read the deal Greece reached with eurozone leaders
– macleans.ca
LOUISA GOULIAMAKI/AFP/Getty ImagesBRUSSELS — After months of acrimony, Greece finally clinched a bailout agreement with its European creditors on Monday that will, if implemented, secure the country’s place in the euro and avoid financial collapse.
The terms of the deal, however, will be painful both for Greeks and their radical left-led government, which since its election in January had vowed to stand up to the creditors and reject the budget cuts they have been demanding.
Before it can get 85 billion euros ($95.07 billion) in bailout cash and support for its banks to reopen, the Greek government will have to pass a raft of austerity measures that include sales tax increases, reforms to pensions, and labour market reforms.
Greece will be on a tight timetable to implement its reforms — a reflection of how little its creditors trust the government to honour a deal. Greek Prime Minister Alexis Tsipras infuriated his European partners last month when he called for a popular vote against economic reforms the creditors has proposed…
