Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
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 loans, grants helping Detroit in city’s comeback Mar 27th
DETROIT – Banks and other lending companies are making capital available to home buyers and businesses in Detroit. Some lending and grant programs have included:
— $5 million in grants pledged by Detroit-based Quicken Loans to help improve up to 65 vacant houses for auction in four west side.... More »
Microsoft outage: Heathrow, NatWest and Minecraft among sites down - BBC + MORE Oct 29th
Microsoft outage: Heathrow, NatWest and Minecraft among sites down BBCMicrosoft hit with Azure, 365 outage ahead of quarterly earnings report CNBCMajor outage at Amazon and Microsoft Azure takes down banks, airlines, Office 365, and even Minecraft Yahoo! Finance Cana.... More »
The Day After: The Oilers cruise to another win over Ottawa - Oilers Nation + MORE Mar 13th
The Day After: The Oilers cruise to another win over Ottawa Oilers NationOilers pile on Senators as Tippett’s bet on McDavid-Draisaitl reunion pays off Sportsnet.caSenators @ Oilers 3/12/21 | NHL Highlights NHLMcDavid, Draisaitl help Oilers continue their dominatio.... More »
Iran issues local credit cards for the first time in decades + MORE Sep 26th
TEHRAN, Iran – Iranian banks have begun issuing credit cards for the first time in decades, local media reported on Monday.
The report by several newspapers, including the daily Donya-e-Eqtesad or World of Economy in Farsi, said the cards will be for domestic use only and do not involve any so.... More »
Sports teams, vendor want right to run 50-50 raffles in California; some nonprofits call foul
– canadianbusiness.com
SACRAMENTO, Calif. – The pitch is for charity, but the call could favour California’s professional sports teams.
California’s major league sports clubs and a leading raffle vendor are lobbying state lawmakers for the exclusive right to conduct charitable gambling at professional sports venues to sell raffle tickets that pay out half the proceeds as prize money and send the other half to charities of their choice. It would apply to 18 professional sports teams, 23 minor league teams and at several golf and racing events in the state.
These 50-50 raffles are gaining popularity across the nation but haven’t come to the most populous state because California law caps charity raffle prizes. Up to 10 per cent of proceeds can go to winners while 90 per cent must go to charity.
A group of nonprofits is calling foul. They say it would establish an unfair exemption favouring franchise owners over smaller charities like food banks, PTAs and churches. Critics, including Indian tribes that operate casinos, worry the bill blurs the line between a charitable raffle and a gambling operation…
California’s major league sports clubs and a leading raffle vendor are lobbying state lawmakers for the exclusive right to conduct charitable gambling at professional sports venues to sell raffle tickets that pay out half the proceeds as prize money and send the other half to charities of their choice. It would apply to 18 professional sports teams, 23 minor league teams and at several golf and racing events in the state.
These 50-50 raffles are gaining popularity across the nation but haven’t come to the most populous state because California law caps charity raffle prizes. Up to 10 per cent of proceeds can go to winners while 90 per cent must go to charity.
A group of nonprofits is calling foul. They say it would establish an unfair exemption favouring franchise owners over smaller charities like food banks, PTAs and churches. Critics, including Indian tribes that operate casinos, worry the bill blurs the line between a charitable raffle and a gambling operation…
Why the rise of fintech startups has Canada’s big banks on edge
– theglobeandmail.com
You may have heard the term recently; expect to hear it a lot more in the future as firms look to bring new efficiencies and competition to the banking sector
