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?
It’s been a few short years since EQ Bank emerged onto the landscape of Canadian online banks. But while they may seem like the new kid on the block, their roots run much deeper. Who Owns EQ Bank? EQ Bank is brought to you by Equitable Bank, which has been providing residential and commercial lend.... More »
Mortgages from big banks consistently cost Canadians more, says rate comparison site + MORE Feb 12th
Mortgage rates from Canada's big banks were consistently more expensive than those offered by smaller lenders last year, according to the latest findings from LowestRates.ca..... More »
The Globe and Mail, David Berman, 1 February 2019 Canadian bank stocks have rebounded over the past six weeks after touching their lowest valuations since the financial crisis. But an enduring recovery rests on profit and revenue growth over the year ahead, and the outlook here is murky at best. F.... More »
Much like how you wouldn’t share your toothbrush with someone else, the same sentiment should be applied to sensitive information like online passwords, personal identification numbers (PIN), or credit card details. And as there are reportedly more than 2.5 billion active users worldwide on socia.... More »
The Globe and Mail, James Bradshaw, 9 January 2019 The chief executives of Canada’s largest banks are shrugging off tougher capital requirements introduced by the banking regulator, saying the change will have no impact on plans for acquisitions, dividend hikes or share buybacks. Last June, the .... More »
Christmas and New Year’s Day has already come and gone, leaving us to “look forward” to Blue Monday, the (unofficially) most depressing day of the year. In 2019, Blue Monday falls on Monday, January 21, and the day is calculated by factoring in things such as weather and, yes, debt level as people start to receive their credit card statements from December.
Maybe this year you – and your wallet – are feeling the blues from a holiday season of high-spending. Paying down your credit card debt may currently be your number one priority and your new year’s resolution is to be more fiscally responsible. So, instead of leaving your holiday planning to last minute and putting everything on credit, you’re going to plan ahead of time… starting now! It may sound unrealistic – who starts planning for Christmas is January? – but the only way to avoid a hangover is by taking preventative measures. Drink a lot of water and follow these simple steps to never have debt-plagued January again…