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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How to achieve financial goals with your spouse Apr 1st
Shannon Jarrett and Marcin Duran are the original odd couple when it comes to reconciling their very different approaches to money management. Despite sharing a home and domestic life together (including two kids) in Hamilton, Ont., they’re by and large living separate financial lives. “We donâ€.... More »
How Do Negative Interest Rates Work? + MORE Dec 22nd
Bank of Canada Governor Stephen Poloz has made a bit of a name for himself as a loose cannon – from “spaghetti sauce” metaphors to branding the economy’s prospects as “atrocious”, his comments tend to make headlines. His most recent comment is no exception, as he.... More »
Priceless art at risk as extreme flooding forces Louvre to shut - CBC.ca + MORE Jun 2nd
CBC.caPriceless art at risk as extreme flooding forces Louvre to shutCBC.caThe Louvre museum in Paris says it will be closed Friday to remove artworks from rooms threatened by rising water from the Seine River. The museum says Thursday the art will be preventively moved upstairs. Its most famous pai.... More »
Are low interest rates doing more harm than good? Jul 16th
Mark Carney was oddly framed by TV cameras when he made his hasty post-Brexit address the morning after the United Kingdom voted to leave the European Union. Standing behind a lectern, but in front of an open doorway, the governor of the Bank of England appeared as though trapped inside a box. It wa.... More »
Aggressive Acquisition Strategy Hits Scotiabank’s Stock Price as Investor Skepticism Mounts Sep 13th
The Globe and Mail, Tim Kiladze, 12 September 2018
After a stunning run of acquisitions, Bank of Nova Scotia is feeling the heat. Shares of Canada’s third-largest lender are suffering relative to rival Big Six banks, and the pressure is on management to prove its recent spate of deals was worth i.... More »
Mortgage Rates to Rise by 2016: RBC
– ratesupermarket.ca
The Bank of Canada has chopped central rates twice this year to accommodate a slowing economy. Could we be in for another rate decrease in September’s announcement? A recent stock sell-off, global market upheaval and the sliding price of oil all point to the possibility. In the meantime, however, BoC head Stephen Poloz refuses to confirm an official recession, and economists consider the next crop of GDP and jobs numbers (out next week), to determine whatever happens next.
However, the vote remains split on whether rates need to be cut again – and one of Canada’s big banks anticipates the opposite.
Mortgage Rates to Rise by 2016: RBC Economics
In a recent report, RBC has stated that interest rates will remain unchanged for the rest of 2015 before actually rising in 2016. Given the current trend of economic turmoil, it’s a pretty strong statement. The big bank has a glass-half-full view of the economy, saying it sees gradual economic recovery over the next year…
Mortgage Rates to Rise by 2016: RBC
– ratesupermarket.ca
The Bank of Canada has chopped central rates twice this year to accommodate a slowing economy. Could we be in for another rate decrease in September’s announcement? A recent stock sell-off, global market upheaval and the sliding price of oil all point to the possibility. In the meantime, however, BoC head Stephen Poloz refuses to confirm an official recession, and economists consider the next crop of GDP and jobs numbers (out next week), to determine whatever happens next.
However, the vote remains split on whether rates need to be cut again – and one of Canada’s big banks anticipates the opposite.
Mortgage Rates to Rise by 2016: RBC Economics
In a recent report, RBC has stated that interest rates will remain unchanged for the rest of 2015 before actually rising in 2016. Given the current trend of economic turmoil, it’s a pretty strong statement. The big bank has a glass-half-full view of the economy, saying it sees gradual economic recovery over the next year…
