Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
RBC Lowers Outlook on Banks Feb 2nd
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 »
Best robo-advisors in Canada for 2026 Feb 11th
The name may be offputting, but robo-advisors occupy a key middle way in the investment landscape between do-it-yourself investing and having a live investment advisor. They will cost you a lot less than a commissioned or fee-for-service advisor and the often pricey investment products they recommen.... More »
PayPal is going after the big banks Apr 14th
Online payment firm PayPal will soon offer basic banking options to its customers — a move that could be a nightmare for traditional banks..... More »
Aggressive Acquisition Strategy Hits Scotiabank’s Stock Price as Investor Skepticism Mounts Sep 13th
The Globe and Mail, Tim Kiladze, 12 September 2018
After a stunning run of acquisitions, Bank of Nova Scotia is feeling the heat. Shares of Canada’s third-largest lender are suffering relative to rival Big Six banks, and the pressure is on management to prove its recent spate of deals was worth i.... More »
Wall St. hits another record high, as TSX edges up and loonie breaks 80 cents US Oct 3rd
TORONTO _ Wall Street set another record high Tuesday on relatively minor movements as Canada’s largest stock index inched forward and the loonie cleared 80 cents US.
In New York, the Dow Jones industrial average gained 84.07 points to 22,641.67. The S&P 500 index edged up 5.46 points to 2.... More »
At midday: TSX down with oil, banks fall on bond yield dip
– theglobeandmail.com
Commodities end winning streaks as growth optimism ebbs
Getting The Most Value From Your Travel Rewards
– ratesupermarket.ca
Canadians are clearly believers when it comes to racking up loyalty rewards points.
Nearly three-quarters of us – 72 per cent to be exact – carry at least one credit card that offers a rewards program, according to recent TD Canada Trust research. For more than eight out of 10 cardholders, loyalty perks are a big priority when selecting a card.
However, figuring out exactly how to use those miles or points so you’re not simply wasting them can be a bit confusing. For instance, you can convert points into cash, buy gift cards, book a holiday, transfer them into other loyalty programs or simply buy the bike you’ve had your eye on for a long time.
But what’s a point really worth? With cash back credit cards, the reward you earn is clear: it’s always a percentage of every dollar spent. With other types of rewards though, it’s all about the dollar value of the rewards earned.
Make Sure You’re Getting a Decent Deal
For most programs, a reward mile is going to be worth between one and two cents but that value can vary widely depending on how you choose to redeem it…
A housing market that’s too hot to handle
– macleans.ca
A “SOLD OVER ASKING” Royal LePage Urban Realty sign sits in front of a detached house in North Riverdale, Toronto, Ont. (Rachel Verbin/CP)After years of pumping money into the country’s frothiest housing markets, Canada’s big banks are suddenly—and alarmingly—nervous about the debt-fuelled monster they’ve helped to create. In the span of a few days this week and last, several big-bank CEOs and chief economists let loose a flurry of warnings about surging home prices in Vancouver and Toronto, where it now costs an average of $1.5 million and $1.3 million, respectively, to buy a detached house. “We’re a little concerned about housing prices in the Greater Vancouver area and Toronto,” Brian Porter, CEO of Scotiabank, told Bloomberg TV shortly after the bank’s latest financial results were released. As a result, he added, Scotiabank “took our foot off the gas” when it came to selling new mortgages over the past six months. A few days later, Sherry Cooper, the chief economist at Dominion Lending Centres and the former chief economist at the Bank of Montreal, told Business News Network she was “very worried” about skyrocketing home prices in Vancouver and Toronto because “these things generally don’t end well…
