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
How 25 Canadian websites looked in the Internet’s early days + MORE Aug 2nd
In December 1990 the world’s first website went online. Within the next six to eight years, a number of Canadian companies and government agencies made their first foray onto what everybody at the time was still calling the Information Superhighway.
Those early and rudimentary web pages ha.... More »
Canadian banks argue against Canada Post getting into banking Jul 14th
The lobby group representing Canada's big banks says there's no need for Canada Post to expand onto their turf because Canadians already have an abundant choice of financial services..... More »
Fed, other central banks set joint liquidity operation - Reuters.com + MORE Mar 19th
Fed, other central banks set joint liquidity operation Reuters.comCoordinated Central Bank Action to Enhance the Provision of U.S. Dollar Liquidity Bank of CanadaFed and Five Central Banks Announce Move to Boost Dollar Funding Yahoo Canada FinanceFed, BoE, BoJ, ECB S.... More »
Warning to caregivers: Expect a scavenger hunt + MORE Feb 24th
This story is part 3 in a series on financial caregiving for seniors. Read others in this series:
3 signs you need to take control of your parents’ finances
Caring for a parent? Get a power of attorney
Before my father was diagnosed with dementia, I had a 30,000-foot awareness of my f.... More »
How might inflation impact your retirement plans? + MORE Oct 7th
For retirees and near-retirees, at least five dire possibilities can threaten a long and fruitful retirement: taxes, investment fees, crumbling stock markets, soaring interest rates and inflation.
We can largely control the first two by maximizing the use of tax-effective vehicles like TFSA.... More »
Banks reach $154.3 million settlement on “dark pool” fraud
– canadianbusiness.com
WASHINGTON – Two major global banks, Barclays and Credit Suisse, will pay a combined $154.3 million to settle state and federal investigations that they misled clients about the safety of trading on their “dark pool” financial exchanges, the Securities and Exchange Commission said Sunday.
The banks left their customers on these private exchanges vulnerable to “predatory, high-frequency traders” that could intercept their financial trades, despite assurances by Barclays and Credit Suisse to the contrary, according to a draft statement from the New York Attorney General obtained by The Associated Press.
“These cases mark the first major victory in the fight to combat fraud in dark pool trading,” said New York Attorney General Eric Schneiderman in the statement. “We will continue to take the fight to those who aim to rig the system and those who look the other way.”
The SEC and New York Attorney General had planned to announce the joint settlement Monday before it was reported by The Wall Street Journal Sunday morning…
The banks left their customers on these private exchanges vulnerable to “predatory, high-frequency traders” that could intercept their financial trades, despite assurances by Barclays and Credit Suisse to the contrary, according to a draft statement from the New York Attorney General obtained by The Associated Press.
“These cases mark the first major victory in the fight to combat fraud in dark pool trading,” said New York Attorney General Eric Schneiderman in the statement. “We will continue to take the fight to those who aim to rig the system and those who look the other way.”
The SEC and New York Attorney General had planned to announce the joint settlement Monday before it was reported by The Wall Street Journal Sunday morning…
MONTREAL – Canadian food banks hope that the pinch they’re feeling from rising food prices isn’t snowballing into a full-fledged crisis.
While each agency has unique circumstances, many say higher prices during the peak winter period are limiting how much food they can purchase and having an impact on donations while also spurring a greater demand for their services.
“The difficult thing for any food bank is trying to prepare for the year ahead and what might happen in a situation like that,” said Michael Maidment, executive director of the Ottawa Food Bank.
Fresh produce prices began to surge after Christmas as adverse weather in U.S. growing regions and a weaker Canadian dollar caused the cost of imports to soar. Some food banks shifted what they handed out, turning more to canned and frozen goods. Most tried to access locally grown produce, particularly root vegetables.
But Maidment said vegetable vendors have warned to expect higher prices for those items too due to the greater demand…
Canadian food banks fear perfect storm from rising fresh food prices
– canadianbusiness.com
MONTREAL – Canadian food banks hope that the pinch they’re feeling from rising food prices isn’t snowballing into a full-fledged crisis.
While each agency has unique circumstances, many say higher prices during the peak winter period are limiting how much food they can purchase and having an impact on donations while also spurring a greater demand for their services.
“The difficult thing for any food bank is trying to prepare for the year ahead and what might happen in a situation like that,” said Michael Maidment, executive director of the Ottawa Food Bank.
Fresh produce prices began to surge after Christmas as adverse weather in U.S. growing regions and a weaker Canadian dollar caused the cost of imports to soar. Some food banks shifted what they handed out, turning more to canned and frozen goods. Most tried to access locally grown produce, particularly root vegetables.
But Maidment said vegetable vendors have warned to expect higher prices for those items too due to the greater demand…
While each agency has unique circumstances, many say higher prices during the peak winter period are limiting how much food they can purchase and having an impact on donations while also spurring a greater demand for their services.
“The difficult thing for any food bank is trying to prepare for the year ahead and what might happen in a situation like that,” said Michael Maidment, executive director of the Ottawa Food Bank.
Fresh produce prices began to surge after Christmas as adverse weather in U.S. growing regions and a weaker Canadian dollar caused the cost of imports to soar. Some food banks shifted what they handed out, turning more to canned and frozen goods. Most tried to access locally grown produce, particularly root vegetables.
But Maidment said vegetable vendors have warned to expect higher prices for those items too due to the greater demand…
