Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best GIC rates in Canada for 2024 May 27th
Investing
The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Allowance apps are the modern piggy banks and they could really help your kids Nov 29th
Canadian youth get top marks for financial literacy but more than one in ten 15-year-olds struggle with basic financial skills. But new allowance apps can help them manage their chores and allowance..... More »
Canada’s best travel credit cards 2022 Oct 15th
A good travel credit card can make your trip more affordable, more comfortable and even more secure. There are numerous cards to choose from, but you can get the best value by selecting one that pairs a strong earn rate for rewards or cash back along with perks like lounge access, travel credits or .... More »
Gains for energy companies and banks boost U.S. stock indexes Jul 4th
U.S. stocks rose Monday as banks continued to climb along with interest rates, and energy companies rallied again with oil prices. Better-than-expected auto sales and a strong report on U.S. factories also boosted stocks..... 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 »
Despite radical strategies, central banks have failed in their goal of reigniting inflation. One school of analysis says large fiscal spending in this month’s budget will accomplish what Bank of Canada governor Stephen Poloz cannot, and that a soaring deficit is a small price to pay.
Next question for the ECB: How much good will it do?
– macleans.ca
(Ralph Orlowski/Reuters)Update: The ECB cut main interest rate to 0% and cut deposit rate to -0.4%.
FRANKFURT — How far will Mario Draghi and the European Central Bank go to boost inflation and a shaky economy?
Market participants are waiting for the bank rate decision and president’s news conference Thursday to find out.
Economists predict that the ECB’s 25-member governing council will follow through on Draghi’s comments in recent weeks that have been interpreted as a near-promise of more stimulus.
The question is, how much more? And how much good will it do?
Market analysts expect the ECB to cut the interest rate on overnight deposits left with it by commercial banks from minus 0.3 per cent to minus 0.4 or even minus 0.5 per cent. The negative rate is a drastic step aimed at forcing banks to lend cash rather than sit on it.
The council could also increase the bank’s 60 billion euros ($66 billion) in monthly bond purchases by as much as 20 billion per month…
INFOGRAPHIC: How to Fly for Free – Insider Tips
– ratesupermarket.ca
RateSupermarket.ca travel rewards guide will help Canadians take flight faster despite low loonie
Is a weaker Canadian dollar clipping travelers’ wings? Would-be vacationers could find themselves paying 30 per cent more for their warm-weather getaways this year; as the loonie hovers around $0.75 USD, three-quarters admit the weak currency has impacted their trip plans.
Related Read: Travel in Canada Grows Due to Weak Loonie>
But cash-strapped travelers needn’t settle for a staycation, as a number of travel rewards credit cards can effectively offset travel costs according to RateSupermarket.ca, Canada’s comprehensive rate comparison resource.
However, using plastic to fund a vacation can be a point of confusion. “While there are a number of fantastic travel offers available in today’s market, many Canadians aren’t aware of travel rewards best practices,” says Penelope Graham, Editor at RateSupermarket.ca. “There continue to be misconceptions around the true value of rewards, and how to effectively earn and redeem them…
