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
Credit Memo vs. Debit Memo: What’s the Difference? Apr 8th
If you pay close attention to your bank statements, you may notice an item labelled, “credit memo”, from time to time. But without more information, it’s hard to know what the credit memo is for; why you received extra money in your account. The same goes for “debit memos.” Businesses also.... More »
How might inflation impact your retirement plans? + MORE Oct 7th
For retirees and near-retirees, at least five dire possibilities can threaten a long and fruitful retirement: taxes, investment fees, crumbling stock markets, soaring interest rates and inflation.
We can largely control the first two by maximizing the use of tax-effective vehicles like TFSA.... More »
At the open: TSX flat as energy stocks fall, banks push higher + MORE Jan 18th
Strong China data cranks up pressure on bond markets
.... More »
Gunpowder horn believed owned by Alexander Hamilton is going up for auction Dec 27th
TRENTON, N.J. – A New Jersey dentist believes an engraved piece of cow horn that goes up for auction next month symbolizes the American dream for a man who was key to the founding of the United States and is now the focus of a blockbuster hip-hop Broadway musical.
A descendant, an arms apprais.... More »
The best GIC rates in Canada for 2025 Apr 7th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Greek government concedes early elections likely, stock market suffers second day of losses
– canadianbusiness.com
ATHENS, Greece – The Greek stock market is suffering a second day of losses since reopening, as the country’s left-wing government conceded that dissent within the ruling party was likely to force an early election.
The main index was down 4 per cent soon after the start of trading Tuesday, with some banks again hitting the 30 per cent lower trading limit. Shares plummeted 16.2 per cent Monday, when it reopened after a five-week closure.
The plunge comes as Greece reels from the impact of limits on money withdrawals and transfers imposed June 29 to avoid a banking collapse as well as uncertainty over its negotiations for a new bailout and the stability of its government.
The government is relying on opposition party support for approval of new austerity measures demanded by bailout lenders, following a revolt by nearly one fourth of its own lawmakers.
Government spokeswoman Olga Gerovasili said the government would not form a national unity government and described early elections as “likely…
The main index was down 4 per cent soon after the start of trading Tuesday, with some banks again hitting the 30 per cent lower trading limit. Shares plummeted 16.2 per cent Monday, when it reopened after a five-week closure.
The plunge comes as Greece reels from the impact of limits on money withdrawals and transfers imposed June 29 to avoid a banking collapse as well as uncertainty over its negotiations for a new bailout and the stability of its government.
The government is relying on opposition party support for approval of new austerity measures demanded by bailout lenders, following a revolt by nearly one fourth of its own lawmakers.
Government spokeswoman Olga Gerovasili said the government would not form a national unity government and described early elections as “likely…
