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
Lowest Winnipeg mortgage rates: Save with Cambrian Credit Union + MORE Jul 29th
When Canadians need a mortgage, they often default to the big banks—but there’s a whole other world of financing options to explore. Credit unions have competitive interest rates in Canada, including Manitoba, plus innovative mortgage options you may not be able to find elsewhere. Shopping aroun.... More »
French ex-minister in court over tax fraud, money laundering Feb 8th
PARIS — Jerome Cahuzac was the face of France’s fight against tax evaders — until he was forced to acknowledge that he himself was dodging taxes, hiding money in tax havens around the world.
President Francois Hollande’s onetime budget minister is now facing the prospect of prison as.... More »
The close: TSX rises with banks, miners; Dow, S&P log record highs Oct 2nd
U.S stocks start fourth quarter on a strong note; TSX ends modestly higher has energy stocks weigh
.... More »
Is Wealthsimple a bank? Not exactly, but it’s launching new “banking” services Jun 12th
Canadians aren’t short of credit card options, that’s for sure. At an average of two to three credit cards per person, we have more credit cards than debit cards in our wallets. But there’s still room for one more, suggests Wealthsimple with its recently launched bank-like offerings, including.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Nov 4th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
Fighting Back Against Fees
– ratesupermarket.ca
When it comes to hidden surcharges and fees, Canadians are seeing red – and it’s no wonder, as our nation’s big banks have amped costs and cut back on services, according to a recent study. But it’s not all bad news – an ATM network provided by Canada’s alternative lenders and credit unions is expanding to bring fee-free cash access to thousands more. Read on for the full story.
Canadians Are Less Satisfied With Their Banks – JD Power
How happy are you with your bank? If the answer is “less than enthralled”, you’re not alone: the 10th edition of J.D. Power’s Canadian Retail Banking Customer Satisfaction Study finds Canadians overall are less content with their lenders than they were last year. Fees and a reduction in services top the list for consumer complaints. Get our full breakdown.
Read Penelope’s Blog | Canadians Are Less Satisfied With Their Banks
How An Income Suite Can Help You Qualify For a Mortgage
Buying a home with a rental income suite is a popular tactic for many new owners…
Greek stocks see small gains as banks recover from crash
– theglobeandmail.com
Moves signal further calming on the bourse, which saw the Greek banking index crash 63 per cent on the first three days of the week
Fighting Back Against Fees
– ratesupermarket.ca
When it comes to hidden surcharges and fees, Canadians are seeing red – and it’s no wonder, as our nation’s big banks have amped costs and cut back on services, according to a recent study. But it’s not all bad news – an ATM network provided by Canada’s alternative lenders and credit unions is expanding to bring fee-free cash access to thousands more. Read on for the full story.
Canadians Are Less Satisfied With Their Banks – JD Power
How happy are you with your bank? If the answer is “less than enthralled”, you’re not alone: the 10th edition of J.D. Power’s Canadian Retail Banking Customer Satisfaction Study finds Canadians overall are less content with their lenders than they were last year. Fees and a reduction in services top the list for consumer complaints. Get our full breakdown.
Read Penelope’s Blog | Canadians Are Less Satisfied With Their Banks
How An Income Suite Can Help You Qualify For a Mortgage
Buying a home with a rental income suite is a popular tactic for many new owners…
Dozens line up at Moldovan banks scheduled to close after disappearance of up to $1.5 bln
– canadianbusiness.com
CHISINAU, Moldova – Dozens of people lined up Friday outside three banks in Moldova that are scheduled to be closed after the disappearance of up to $1.5 billion last year.
The governor of the Moldovan central bank, Dorin Dragutanu, said Thursday the state-owned Savings Bank, the Social Bank and Unibank, which have a combined 2 million accounts, will be liquidated by October. Customer accounts will be moved to other banks.
Up to $1.5 billion disappeared from the banks’ finances before general elections in November. An unpublished parliamentary report said some of the money was transferred to Russian banks.
The Social Bank and Unibank are funded by both Moldovan and Russian investors.
Dragutanu sought to reassure Moldovans that their money was safe, yet dozens lined up at the banks Friday. More than 3,000 people are expected to lose their jobs.
The central bank on Friday banned the banks from opening any new current or savings accounts, effective immediately.
Many retirees get their pensions from the Savings Bank…
The governor of the Moldovan central bank, Dorin Dragutanu, said Thursday the state-owned Savings Bank, the Social Bank and Unibank, which have a combined 2 million accounts, will be liquidated by October. Customer accounts will be moved to other banks.
Up to $1.5 billion disappeared from the banks’ finances before general elections in November. An unpublished parliamentary report said some of the money was transferred to Russian banks.
The Social Bank and Unibank are funded by both Moldovan and Russian investors.
Dragutanu sought to reassure Moldovans that their money was safe, yet dozens lined up at the banks Friday. More than 3,000 people are expected to lose their jobs.
The central bank on Friday banned the banks from opening any new current or savings accounts, effective immediately.
Many retirees get their pensions from the Savings Bank…
