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?
Rating agency Moody's raised its credit ratings outlook on Canada's major banks on Tuesday, just over 14 months after it lowered the ratings citing high debt levels and soaring house prices..... More »
Canada's economy would be hurt the most if NAFTA is fully revoked, report by central banks says - The Globe and Mail + MORE Aug 26th
Are they going to increase? By how much? And how will that affect me? As we reflect on the past year, one of the big money stories everyone is talking about is the rise of the key interest rate. In 2018, the Bank of Canada (BoC) raised the overnight lending rate three times from 1.00 per cent to 1.... More »
Canadians had 28 per cent more gripes about their banks last year than they did in 2016, according to a new report from the ombudsman overseeing the industry, with bogus credit card charges a particular thorn in the side of many customers..... More »
TORONTO _ Scotiabank’s chief executive says he disagrees with recent red flags raised over Canada’s high debt levels by an international body, and that he is “comfortable” with the lender’s risk profile. Brian Porter told a University of Toronto conference that he had a.... More »
The complaints system is stacked against banking customers say consumer advocates, who believe the process is designed to wear people down and that it most often finds in favour of the banks.