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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The best Mastercard credit cards in Canada for 2024 + MORE Oct 18th
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Compare Mastercard credit cards available in Canada using our interactive tool below. You can filter cards based on rewards value, annual fees, income requirements and more.
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The best Mastercard credit cards in Canada
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Scotiabank profit rise pushes big bank profits up 20% to almost $10B this quarter + MORE May 30th
Scotiabank boosted its second-quarter net income by 30 per cent to $2.06 billion, in a period that saw all of the country's biggest banks shrug off concerns about high house prices and overstretched borrowers..... More »
The best high-interest savings accounts in Canada for 2026 + MORE Mar 23rd
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Who to name as executor when family members aren’t an option Feb 22nd
Ask MoneySense
We are told to have a will, but what do you do if you have no family, or if you do, they reside overseas?
To our surprise, we learned that the big Canadian banks offer executor and power of attorney (POA) services. It’s not well advertised on their websites.
We have interviewe.... More »
Microsoft outage: Heathrow, NatWest and Minecraft among sites down - BBC + MORE Oct 29th
Microsoft outage: Heathrow, NatWest and Minecraft among sites down BBCMicrosoft hit with Azure, 365 outage ahead of quarterly earnings report CNBCMajor outage at Amazon and Microsoft Azure takes down banks, airlines, Office 365, and even Minecraft Yahoo! Finance Cana.... More »
Investor fears converge on bank stocks as sell-off spreads
– theglobeandmail.com
Banks have been under pressure as a result of loan exposure to the energy sector but now negative rates pose a new threat to profits
Business Highlights
– canadianbusiness.com
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Yellen: Too early to determine impact of global developments
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen cautioned Thursday that global economic pressures pose risks to the U.S. economy but said it’s too soon to know whether those risks are severe enough to alter the Fed’s interest-rate policies.
Yellen said the Fed will determine at its next meeting in March how much economic weakness and falling markets around the world have hamstrung U.S. growth. And for a second day, Yellen was asked about the possibility that the Fed would use negative interest rates as a way to give the economy more support.
She repeated that the Fed had studied the prospect of deploying negative rates in 2010 but had decided then not to use them to try to boost the economy. But she said the Fed thought it should study the issue again now that other central banks, including in Europe and Japan, are using negative rates to try to step up lending and energize growth.
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Zika virus has phones ringing at pest control, travel firms
NEW YORK (AP) — Some small U…
Yellen: Too early to determine impact of global developments
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen cautioned Thursday that global economic pressures pose risks to the U.S. economy but said it’s too soon to know whether those risks are severe enough to alter the Fed’s interest-rate policies.
Yellen said the Fed will determine at its next meeting in March how much economic weakness and falling markets around the world have hamstrung U.S. growth. And for a second day, Yellen was asked about the possibility that the Fed would use negative interest rates as a way to give the economy more support.
She repeated that the Fed had studied the prospect of deploying negative rates in 2010 but had decided then not to use them to try to boost the economy. But she said the Fed thought it should study the issue again now that other central banks, including in Europe and Japan, are using negative rates to try to step up lending and energize growth.
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Zika virus has phones ringing at pest control, travel firms
NEW YORK (AP) — Some small U…
Market panic sends more investors to the exit door
– theglobeandmail.com
Panic is spreading across global markets as central banks appear to have exhausted the tools that inflated so many risk assets in the first place
Interest rates remain low because we need more borrowers
– moneysense.ca
According to a new a report by the Fraser Institute, global interest rates are persistently so very low because there’s not enough borrowers in the world.
Michael Walker, chairman of the Fraser Institute Foundation, writes: “Interest rates in the 29 economies that make up 90% of the world’s GDP are low because—and to the extent that—these economies are experiencing a dearth of borrowers and hence a relatively high saver-to-borrower ratio.”
Walker states that in order for central banks to continue to use interest rates as an effective monetary policy tool, the balance between supply and demand—saver and borrower—needs to be maintained. “The fact is that every saver who wants to earn a return needs a debtor as an accomplice,” states Walker in his report, released early this morning. “Because of the anonymity of financial institutions, the connection [between saver and debtor] is not appreciated and indeed most people taking a loan or a mortgage think they are getting it from the bank or credit union…
Michael Walker, chairman of the Fraser Institute Foundation, writes: “Interest rates in the 29 economies that make up 90% of the world’s GDP are low because—and to the extent that—these economies are experiencing a dearth of borrowers and hence a relatively high saver-to-borrower ratio.”
Walker states that in order for central banks to continue to use interest rates as an effective monetary policy tool, the balance between supply and demand—saver and borrower—needs to be maintained. “The fact is that every saver who wants to earn a return needs a debtor as an accomplice,” states Walker in his report, released early this morning. “Because of the anonymity of financial institutions, the connection [between saver and debtor] is not appreciated and indeed most people taking a loan or a mortgage think they are getting it from the bank or credit union…
Rosenberg: There's now a 'cornucopia' of opportunities for long-term investors
– theglobeandmail.com
It’s no longer 2009 when banks could bolster markets. The laws of diminishing returns have clearly set in
