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 no-fee credit cards in Canada for 2024 May 17th
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The best no-fee credit cards in Canada for 2024
From cash back to rewards points (and perks like no foreign transaction fees), here's a list of Canada's best no fee cards.
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What fast-rising interest, inflation and bond rates mean for investors May 31st
Choppy trading. Prepare to keep seeing these two words in the headlines as the financial markets adapt to ongoing interest rate hikes by the Bank of Canada (BoC) and the Federal Reserve in the U.S. While this is causing volatility as some investors and pundits worry a recession is around the corner,.... More »
The First Home Savings Account is finally here. Here’s how it can save you thousands in taxes Apr 11th
The new federal plan has some hiccups — it’s still not available at the Big Six banks — but once it’s up and running, it will allow potential buyers to save for their first home tax-free..... More »
Central banks are intrinsically conservative to keep our money safe: Don Pittis + MORE Dec 5th
In the era of Donald Trump, it seems inevitable that the entrepreneurial urge to make hay while the sun shines is headed for a collision with the restraining forces of central banking..... More »
PayPal is going after the big banks Apr 14th
Online payment firm PayPal will soon offer basic banking options to its customers — a move that could be a nightmare for traditional banks..... More »
Business New Year’s Resolutions: Unlock bold new sources of capital
– canadianbusiness.com
(Illustration by Katie Carey)This article is part of our series on New Year’s Resolutions for Small Business. Read them all here.
Securing capital from traditional sources such as banks can be tricky for small businesses, especially if a company doesn’t have a long earnings history or sufficient assets to collateralize, says Jeffrey Tannenbaum, a partner at Ernst and Young. Other times, the terms set out by a traditional lender might not be agreeable, or a company could require a little more guidance than a bank would provide. That’s when small businesses should turn to alternative sources of capital.
How Canadian startups are changing the way we bank
Angel investors can offer advice and industry-specific expertise along with dollars. “The downside to that is often you are giving up some control of your business, because angel investors do play an active role…and they do often take an equity position,” says Tannenbaum. Similarly, venture capital firms invest in startups or companies looking to grow…
