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
Amazon Launches Rewards MasterCard in Canada with Five Percent Cashback Jun 18th
Canadians who shop online now have the option to open an Amazon Rewards MasterCard. The new card is the product of a partnership between Amazon, MasterCard and TD Bank.
Mike Strauch, Country Manager for Amazon, announced in a public statement, “We are really excited to launch a new credit .... More »
BMO InvestorLine Review: A Premium Canadian Discount Broker Jan 8th
By my count, Canadian investors can choose from at least a dozen discount brokerages to do their self-directed investing. One of the larger brokerages is BMO InvestorLine, the online broker arm of Bank of Montreal, one of Canada’s Big 6 Banks. In this full review, I’ll let you know what to expec.... More »
TD Bank stock: Steer clear or buy the dip? May 16th
TD Bank is making headlines for the wrong reasons and creating a potential buying opportunity for investors in the process.
Here’s what I know about TD Bank’s anti-money laundering troubles so far. Canada’s second-largest bank was loose in implementing the required checks and balances. It w.... More »
How to Keep Your Data Secure When You (and Hackers) Live on Social Media Jan 26th
Much like how you wouldn’t share your toothbrush with someone else, the same sentiment should be applied to sensitive information like online passwords, personal identification numbers (PIN), or credit card details. And as there are reportedly more than 2.5 billion active users worldwide on socia.... More »
Before It’s Too Late! Best Credit Card Welcome Offers of October 2019 Oct 2nd
We usually sign up for credit cards because of special features and benefits – from cash-back earning rates to travel perks to balance transfer offers. And one feature that may make or break your decision between one credit card or another is the welcome promotion – a special bonus that add.... More »
The Exchange Brings No-Fee ATMs To Smaller Banks and Credit Unions
– ratesupermarket.ca
There used to be a really good reason for not switching from a big bank to a smaller one: convenience. Belonging to the BMOs and CIBCs of the world meant that accessing your cash without paying a fee was as simple as a walking a block to your next bank ATM or branch location. Having accounts with a smaller or online bank meant planning ahead when you needed to withdraw money, and usually steep fees for using another lender’s ATM.
Not anymore.
A Growing Network for Alternative Lenders
The Exchange — a network of ATMs for about 184 small banks and credit unions across Canada — announced in June that it was growing its network by over 30 per cent. The move brings The Exchange’s number of ATMs to 3,300, second only to the Royal Bank of Canada. According to the press release, 2,607 postal code areas will now be serviced by Exchange machines, which don’t charge clients of its member banks and credit unions any surcharges.
Also read: What is a Credit Union?>
Participating financial institutions include Alterna Bank, HSBC Bank Canada, ICICI Bank Canada and Manulife Bank, which is adding 800 of the 830 new ATMs…
Greece’s stock market plunges over 22 per cent as it reopens after 5-week closure
– canadianbusiness.com
ATHENS, Greece – Greece’s main stock index plunged over 22 per cent as it reopened Monday after a five-week closure, giving investors their first opportunity since late June to react to the country’s latest economic crisis.
Greek bank stocks suffered the most, hitting or nearing the daily trading limit of a 30 per cent loss. Markets in the rest of Europe, however, were largely unaffected.
The Athens Stock Exchange and Greek banks were closed on June 29, when the government imposed controls on money withdrawals and transfers to keep a run on bank deposits from causing the financial system to collapse.
Banks have since reopened, while maintaining strict cash withdrawal limits.
Greece is expected to head back into recession in 2015 — after briefly emerging from a six-year contraction — due to the effects of capital controls and months of uncertainty over the country’s future in the euro.
A monthly survey of business and consumer confidence, the Economic Sentiment Indicator, fell for a fifth consecutive month in July to its worst level since October 2012…
Greek bank stocks suffered the most, hitting or nearing the daily trading limit of a 30 per cent loss. Markets in the rest of Europe, however, were largely unaffected.
The Athens Stock Exchange and Greek banks were closed on June 29, when the government imposed controls on money withdrawals and transfers to keep a run on bank deposits from causing the financial system to collapse.
Banks have since reopened, while maintaining strict cash withdrawal limits.
Greece is expected to head back into recession in 2015 — after briefly emerging from a six-year contraction — due to the effects of capital controls and months of uncertainty over the country’s future in the euro.
A monthly survey of business and consumer confidence, the Economic Sentiment Indicator, fell for a fifth consecutive month in July to its worst level since October 2012…
The Exchange Brings No-Fee ATMs To Smaller Banks and Credit Unions
– ratesupermarket.ca
There used to be a really good reason for not switching from a big bank to a smaller one: convenience. Belonging to the BMOs and CIBCs of the world meant that accessing your cash without paying a fee was as simple as a walking a block to your next bank ATM or branch location. Having accounts with a smaller or online bank meant planning ahead when you needed to withdraw money, and usually steep fees for using another lender’s ATM.
Not anymore.
A Growing Network for Alternative Lenders
The Exchange — a network of ATMs for about 184 small banks and credit unions across Canada — announced in June that it was growing its network by over 30 per cent. The move brings The Exchange’s number of ATMs to 3,300, second only to the Royal Bank of Canada. According to the press release, 2,607 postal code areas will now be serviced by Exchange machines, which don’t charge clients of its member banks and credit unions any surcharges.
Also read: What is a Credit Union?>
Participating financial institutions include Alterna Bank, HSBC Bank Canada, ICICI Bank Canada and Manulife Bank, which is adding 800 of the 830 new ATMs…
