Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The best credit cards in Canada for 2023 Dec 7th
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The best credit cards in Canada for 2023
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Will a Canadian Recession Lead to More Rate Cuts? + MORE Jul 8th
Will the Bank of Canada cut interest rates this month? It’s increasingly likely, as Governor Stephen Poloz faces disappointing economic data and mounting evidence of a Canadian recession.
Markets have already priced the chance of a cut at 50 per cent, as pundits and lenders revise their forecasts.... More »
Canadians collectively owe $1.8 trillion in household debt + MORE Mar 13th
TORONTO _ Canadians’ collective household debt has climbed to $1.8 trillion as an international financial group sounds an early warning that the country’s banking system is at risk from rising debt levels.
Equifax Canada says consumers now owe $1.821 trillion including mortgages as of th.... More »
Canadian banks hacked and the insurance claim you can't make: CBC's Marketplace consumer cheat sheet Jun 3rd
CBC's Marketplace rounds up the consumer and health news you need from the week, including customer data hacked at two Canadian banks, taking car insurance companies to court and the provinces with the best cell phone plans..... More »
Should you get that promo rate? Check out the fine print first Dec 17th
Some banks entice Canadians to open new accounts with the offer of a high but short-lived promotional interest rate. A generous interest rate might catch your eye, but there are a few things you should ask yourself before you sign up for a new chequing or savings account.
Should you switch bank a.... More »
Goldman Sachs’ lending business slips in first day of trading on the New York Stock Exchange
– canadianbusiness.com
NEW YORK, N.Y. – A lending company launched by Goldman Sachs is falling in its stock market debut on Wednesday.
Shares in the company, Goldman Sachs BDC Inc., dropped 30 cents, or 1.6 per cent to $19.68 in morning trading on the New York Stock Exchange. They trade under the ticker symbol “GSBD.”
The public debut comes a day after Goldman Sachs Group Inc. sold 6 million shares in the company to investors at $20 per share, according to a filing with the Securities and Exchange Commission. The $120 million raised in the offering will be used to pay down the company’s short-term debt.
The Goldman unit is structured as a business-development company, or BDC. Like real-estate investment trusts, they must pay the bulk of their earnings to investors. That means investors wind up with the tax bill.
Specialty lenders such as BDCs have been growing in popularity, part of the rise in so-called “shadow banking.” In a report out earlier this month, analysts at Goldman said that the “twin forces of regulation and technology are opening the door for an expanding class of competitors to capture profit pools long controlled by banks…
Shares in the company, Goldman Sachs BDC Inc., dropped 30 cents, or 1.6 per cent to $19.68 in morning trading on the New York Stock Exchange. They trade under the ticker symbol “GSBD.”
The public debut comes a day after Goldman Sachs Group Inc. sold 6 million shares in the company to investors at $20 per share, according to a filing with the Securities and Exchange Commission. The $120 million raised in the offering will be used to pay down the company’s short-term debt.
The Goldman unit is structured as a business-development company, or BDC. Like real-estate investment trusts, they must pay the bulk of their earnings to investors. That means investors wind up with the tax bill.
Specialty lenders such as BDCs have been growing in popularity, part of the rise in so-called “shadow banking.” In a report out earlier this month, analysts at Goldman said that the “twin forces of regulation and technology are opening the door for an expanding class of competitors to capture profit pools long controlled by banks…
Average Home Price in Canada Hits $430,000: CREA
– ratesupermarket.ca
You know all those rumours of a looming housing market crash in Canada? Well, according to the Canadian Real Estate Association (CREA), they’re still just rumours. Houses across the country continue to sell at a torrid clip, with the average price of a home in Canada now topping $430,000. The organization did, however, lower projections for the Prairie provinces as a result of slumping oil prices.
B.C. and Toronto Continue to Lead the Way
Supply and demand are the two basics of economics behind housing prices and in Ontario and British Columbia, the latter continues to outstrip the former. The Bank of Canada’s surprise quarter-point rate drop in January – with the banks eventually following suit – should combine with ongoing demand to see housing prices in the two regions continue to climb faster than inflation. Year-over-year, prices in Toronto were up 7.84 per cent while in Vancouver they rose 6.38 per cent.
Prairies in For Demand Downfall
It should come as no surprise that the dramatic drop in oil prices – and the resulting slowdown in Alberta’s oil sands projects – has had an impact on the local housing markets…
Average Home Price in Canada Hits $430,000: CREA
– ratesupermarket.ca
You know all those rumours of a looming housing market crash in Canada? Well, according to the Canadian Real Estate Association (CREA), they’re still just rumours. Houses across the country continue to sell at a torrid clip, with the average price of a home in Canada now topping $430,000. The organization did, however, lower projections for the Prairie provinces as a result of slumping oil prices.
B.C. and Toronto Continue to Lead the Way
Supply and demand are the two basics of economics behind housing prices and in Ontario and British Columbia, the latter continues to outstrip the former. The Bank of Canada’s surprise quarter-point rate drop in January – with the banks eventually following suit – should combine with ongoing demand to see housing prices in the two regions continue to climb faster than inflation. Year-over-year, prices in Toronto were up 7.84 per cent while in Vancouver they rose 6.38 per cent.
Prairies in For Demand Downfall
It should come as no surprise that the dramatic drop in oil prices – and the resulting slowdown in Alberta’s oil sands projects – has had an impact on the local housing markets…
