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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An Ontario woman says she is furious that her bank repeatedly increased the limit on a joint line of credit she had with her then-husband, allowing him to rack up debt for which she is responsible. She wants banks to have to get permission before increasing a customer's line of credi.... More »
The Best Online Banks in Canada for 2022 Oct 24th
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Christopher Liew: How Trump tariffs could affect Canadian stocks and investments - CTV News + MORE Mar 5th
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Drip, drip, drip: Why Canadians pay fees for everything
– macleans.ca
When Xianjun Geng checked into his San Francisco hotel one evening a few years ago, he thought he’d gotten a great deal. He’d booked the room on a discount-hotel website and had driven down the Pacific Coast from Seattle, then his home, to the city by the bay. “It was a fantastic price. I was very happy,” Geng says. Upon arrival, however, he met with additional fees at the check-in counter; $40 for parking and another $18 for Internet access for a single night. That $80-a-night room ended up costing him $140.
So Geng, a business professor at the University of Texas at Dallas, did what any academic would do: He researched. Over the course of several years of work on the subject, he has published two journal articles on the phenomenon he came to know as add-on pricing or, as it’s better known, drip pricing. He found it everywhere. No-frills carriers such as Spirit Airlines in the United States and Ryanair in Europe appear to be the biggest perpetrators of the drip-pricing scheme, followed by hotels, banks, cellphone providers, car-rental agencies and more…
