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.
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The best GIC rates in Canada for 2024 Jun 20th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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The Best Online Banks in Canada for 2022 Oct 24th
According to the Canadian Bankers Association, 90% of Canadians reported using online banking in the past year, and almost 50% say that digital is their preferred banking channel. The trend towards online banking isn’t a new one, but it certainly was hastened by the isolation and mandatory quarant.... More »
Big bank, insurance CEOs announce new business growth fund of up to $1B + MORE Mar 9th
Federal Finance Minister Bill Morneau and some of Canada's biggest banks and insurance companies today unveiled a $1-billion fund aimed at helping small- and medium-sized businesses access cash to help them grow..... More »
American Express Increases the Value of Points for Purchases Jun 3rd
For a limited time, American Express is offering consumer cardmembers more value for Points for Purchases. From April 17, until September 30, 2020, cardholders can use 1,000 points for a $10 statement credit on all eligible non-travel related purchases. That means Membership Rewards points are curr.... More »
RBC Lowers Outlook on Banks Feb 2nd
The Globe and Mail, David Berman, 1 February 2019
Canadian bank stocks have rebounded over the past six weeks after touching their lowest valuations since the financial crisis. But an enduring recovery rests on profit and revenue growth over the year ahead, and the outlook here is murky at best.
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It’s not your imagination — gasoline prices in Canada should be a lot lower based on the price of oil, one of the biggest banks in the country says.
Fintech firms sharing unregulated advantage over Canadian banks
– theglobeandmail.com
The speed at which banks can adapt to a newly competitive environment is hampered by the fact they must adhere to a strict and slow-to-change regulatory environment
Central bank U-turns: A short history of rate-hike mistakes
– theglobeandmail.com
Here are some examples when history suggests central banks should have waited longer to tighten credit
Business Highlights
– canadianbusiness.com
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Fed betting it will avoid central banks’ errors of the past
LONDON (AP) — The Federal Reserve is poised to raise interest rates Wednesday for the first time in 9 1/2 years. It may not take so long to know whether its decision was correct.
History is filled with cases when central banks raised rates prematurely, sometimes with dire consequences. Raising rates or otherwise tightening credit too soon can slow borrowing, jolt confidence and choke growth.
Some economists have suggested that the Fed could wait a bit longer before raising rates, especially with inflation still low amid slumping oil and commodity prices. In a survey of top academic economists, the University of Chicago found that while 48 per centfavoured a rate hike, 36 per cent felt the Fed should hold off.
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US consumer prices unchanged but core inflation up
WASHINGTON (AP) — U.S. consumer prices were unchanged in November as declines in energy and food held down overall costs. But core inflation was up 2 per cent over the 12 months ending in November…
Fed betting it will avoid central banks’ errors of the past
LONDON (AP) — The Federal Reserve is poised to raise interest rates Wednesday for the first time in 9 1/2 years. It may not take so long to know whether its decision was correct.
History is filled with cases when central banks raised rates prematurely, sometimes with dire consequences. Raising rates or otherwise tightening credit too soon can slow borrowing, jolt confidence and choke growth.
Some economists have suggested that the Fed could wait a bit longer before raising rates, especially with inflation still low amid slumping oil and commodity prices. In a survey of top academic economists, the University of Chicago found that while 48 per centfavoured a rate hike, 36 per cent felt the Fed should hold off.
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US consumer prices unchanged but core inflation up
WASHINGTON (AP) — U.S. consumer prices were unchanged in November as declines in energy and food held down overall costs. But core inflation was up 2 per cent over the 12 months ending in November…
Three Swiss banks, including a unit of France’s Crédit Agricole SA, will pay a total of more than $130 million US to the U.S. Justice Department to avoid possible prosecution for helping Americans evade taxes, the department said on Tuesday.
