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
What Is a Credit Union? The Pros and Cons vs a Bank Aug 13th
In recent years, there has been a lot of backlash against banks over fees and practises that has left Canadians looking for a place to keep their money that isn’t associated with big banks.
One of the options you have is to choose a credit union. Credit unions are different from banks, and som.... More »
Bank fees: Everything you need to know before switching to a no-fee account Jul 29th
With the recent news that bank fees have increased during the pandemic and challenger banks like Neo Financial promising no fees on accounts, switching banks may be at the forefront of your mind. But having a good understanding of bank fees—what they are, how they’re determined and the kind of s.... More »
#5: Brane Inc. Feb 7th
In the unpredictable world of cryptocurrency, Brane has become a safe haven. The financial-technology company’s mission is to demystify the confusing and ever-changing landscape of digital assets—blockchain, crypto and non-fungible tokens included—for its largely conservative clientele.
Sin.... More »
Are ETFs a good investment for an all-weather portfolio? Dec 16th
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investment—suffered losses in 2021, as interest rates were poised to rise. Now that central banks have said .... More »
Why banks are so slow to lower lending rates, but so quick to hike them + MORE Jul 15th
(iStock)
Canada’s biggest banks raised their prime interest rates one after another this week following the Bank of Canada increase of its policy rate to 0.75 per cent from 0.5 per cent. The base lending rate at the Big Six now is 2.95 per cent, compared with 2.7 per cent before the central bank.... More »
RBC’s record earnings look good, but problems persist in sector’s outlook
– theglobeandmail.com
Bank becomes first Canadian company to earn more than $10-billion in a fiscal year, though major challenges exist to Canadian banks moving forward
Business Highlights
– canadianbusiness.com
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Yellen confident in economy ahead of expected rate hike
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen on Wednesday indicated that the U.S. economy is on track for an interest rate hike this month, but she said the Fed will need to review incoming data before making a final decision.
Yellen gave an upbeat assessment of the economy’s progress, describing it as in line with its expectations for the labour market and inflation.But she added that policymakers need to be cautious in deciding when to start raising rates given that the Fed doesn’t have much room to cut them if the economy begins to falter.
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Fed says more consumer spending, housing boost US growth
WASHINGTON (AP) — The Federal Reserve says the U.S. economy grew at a modest pace this fall, lifted by higher consumer spending and more home sales and construction.
The Fed said Wednesday in its latest snapshot of the economy that nine of its 12 regional banks reported growth was modest or moderate from early October through mid-November…
Yellen confident in economy ahead of expected rate hike
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen on Wednesday indicated that the U.S. economy is on track for an interest rate hike this month, but she said the Fed will need to review incoming data before making a final decision.
Yellen gave an upbeat assessment of the economy’s progress, describing it as in line with its expectations for the labour market and inflation.But she added that policymakers need to be cautious in deciding when to start raising rates given that the Fed doesn’t have much room to cut them if the economy begins to falter.
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Fed says more consumer spending, housing boost US growth
WASHINGTON (AP) — The Federal Reserve says the U.S. economy grew at a modest pace this fall, lifted by higher consumer spending and more home sales and construction.
The Fed said Wednesday in its latest snapshot of the economy that nine of its 12 regional banks reported growth was modest or moderate from early October through mid-November…
