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?
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Will GIC rates keep going up in 2024? Dec 23rd
As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict wit.... More »
Switching Banks or Complementing Your Service: Getting the Most for Your Money + MORE Oct 6th
Written by Barry Choi and Jackie Rosen
The big five banks are constantly trying to acquire new customers, offering everything from 40” TVs and tablets to straight out cash if we open certain accounts with them. These promotions aren’t aimed at customers who are brand new to banking. Instead, th.... 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 »
Zero Down Mortgages: How to Buy a House with No Down Payment May 12th
There was a time when you could go to the bank and qualify for a mortgage without a down payment. But is that still a thing, and if so, is a zero down payment mortgage even a good idea? I’ll answer that question in this article and provide some different ways to come up with your down payment,.... More »
Ontario Teachers’ Pension Plan undeterred by uncertainty over tariffs: CEO Apr 4th
TORONTO _ Ontario Teachers’ Pension Plan is closely monitoring the potential for higher tariffs to slow the global economy, but it thinks that “cooler heads are going to prevail” before that happens, OTPP chief executive Ron Mock said Tuesday.
Ontario Teachers’ core portfolio.... More »
Account Closed: How Bank 'De-Risking' Hurts Legitimate Customers
– online.wsj.com
In their hunt for money launderers, regulators are forcing banks to shut down branches and reject business.
