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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Is bitcoin a good investment? A guide for Canadian investors Jul 28th
The dramatic rise and spectacular fall of bitcoin prices over the past few months grabbed front-page headlines across the world and touched off a social-media frenzy. Understandably, the crash rattled the crypto sphere. However, dyed-in-the-wool bitcoin bulls are quick to point out the volatility is.... More »
Canadian inflation: What one expert is expecting from Tuesday's data - BNN Bloomberg + MORE Jul 17th
Canadian inflation: What one expert is expecting from Tuesday's data BNN BloombergSome economists expect inflation back in BoC target range for June Yahoo Canada FinanceWhat latest inflation data could mean for future interest rates in this week's Advisor Lookahead T.... More »
How to tell if a company is honest Aug 16th
Despite what you may witness on Twitter, people generally see the good in others, whether that’s their friends, colleagues or the executives running the companies they invest in. We want to believe a business we’re buying into is on the up-and-up, that what they’re saying about their operation.... More »
Best FHSAs in Canada: Where to get the first home savings account + MORE May 2nd
Canadians can now boost their savings for a down payment on a home with a first home savings account (FHSA). The account, also referred to as the tax-free first home savings account, creates up to $40,000 in tax-free savings room for first-time home buyers. To date, more than 300,000 Canadians have .... More »
How to Improve Your Credit Score – Maxing Out Your Credit Cards Edition Nov 11th
No one sets out to max out their credit cards. Sometimes, people get into this difficult situation because of an unexpected emergency such as losing their job or experiencing an illness. Many people have to rely heavily on credit cards during that time to cover their everyday expenses. For others, .... More »
Canada’s banks bracing for busy day for RRSP deadline
– theglobeandmail.com
61 per cent of Canadians intend to contribute, down slightly from 64 per cent last year
A ‘difficult’ quarter: The Big Six capital markets scorecard
– theglobeandmail.com
For three of the five banks that reported results last week, profits from capital markets fell by double digits from last year
China central bank cuts reserve requirement by half a point
– canadianbusiness.com
BEIJING, China – China has cut the amount banks are required to hold on reserve in an attempt to inject more money into its slowing economy.
The People’s Bank of China said it is reducing the reserve requirement by half a percentage point from Monday to ensure adequate liquidity in the financial system and free up more funds for lending. The rate was last cut on Oct. 23.
China’s economic growth fell last year to a 25-year low of 6.9 per cent, down from 7.3 per cent in 2014. The government is attempting to bring about a gradual shift in policy to allow the market to direct investment and regulate levels of credit, while the central bank has also been guiding China’s currency, the yuan, lower against the dollar to help boost exports.
The post China central bank cuts reserve requirement by half a point appeared first on Canadian Business – Your Source For Business News.
The People’s Bank of China said it is reducing the reserve requirement by half a percentage point from Monday to ensure adequate liquidity in the financial system and free up more funds for lending. The rate was last cut on Oct. 23.
China’s economic growth fell last year to a 25-year low of 6.9 per cent, down from 7.3 per cent in 2014. The government is attempting to bring about a gradual shift in policy to allow the market to direct investment and regulate levels of credit, while the central bank has also been guiding China’s currency, the yuan, lower against the dollar to help boost exports.
The post China central bank cuts reserve requirement by half a point appeared first on Canadian Business – Your Source For Business News.
Central banks near policy limits but back in focus after G20 meeting
– theglobeandmail.com
G20 leaders acknowledge monetary policy is not enough to combat rising global risks on its own, but leaders fail to outline solid steps, making only vague and general pledges
