Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
BMO financial planner loses Ont. couple $47,000 Mar 29th
Imagine hiring a financial planner you thought you could trust. Then imagine losing nearly $50,000 after listening to their advice.
This nightmare situation was a reality for a retired couple who, in 2014, sought advice from a BMO financial planner on how to transfer their retirement savings from an.... More »
Indian low budget airline SpiceJet grounded after oil companies stop supplies of jet fuel + MORE Dec 17th
NEW DELHI – Low-cost Indian airline SpiceJet has grounded all flights after oil companies stopped supplies of jet fuel to the financially beleaguered carrier.
No SpiceJet flights had taken off Wednesday, Press Trust of India reported.
India’s civil aviation ministry Tuesday asked state-o.... More »
Moody’s warns Canadian consumers over record household-debt levels Aug 24th
Agency says card-loan performance in Alberta, Saskatchewan will be ‘illustrative first test’ of continuing strength of banks’ Canadian credit-card portfolios
.... More »
Could Covid-19 Cause Cashless Payments to Be the New Normal? Jun 23rd
It’s hard to pay from six feet away.
Plus, the idea of touching cash is making many queasy these days, which is why the COVID-19 pandemic may be speeding up the move to a cashless society.
According to a recent survey by Payments Canada, which compared spending behaviours pre-COVID-19 and at five.... More »
European Central Bank to get questions about Greece, but may not turn on credit tap just yet + MORE Jul 16th
FRANKFURT – European Central Bank head Mario Draghi faces a blizzard of questions about Greece at his news conference Thursday.
His appearance follows a meeting at which, analysts say, the bank may hold off on restoring emergency credit to Greek banks despite the dire situation there.
Greece d.... More »
Back-to-Budget Season
– ratesupermarket.ca
Back-to-school season is upon us, and families everywhere are likely feeling the post-shopping pinch. Some good news then, for those who’ve racked up the credit card or taken out a student loan – borrowing costs in Canada won’t be going anywhere in the short term, according to this week’s Bank of Canada announcement.
Get the full story – along with our forecast for this month’s mortgage rates – below, along with the week’s top headlines.
September Mortgage Rates Get a D for Discount
Applying for a mortgage this month? You’re in luck – RateSupermarket.ca’s expert Mortgage Rate Outlook Panel calls for summer’s steep discounts to continue through September. Read on for their full forecast for fixed and variable mortgage rates.
Read Penelope’s Blog | September Mortgage Rates Get a D for Discount
Bank of Canada September 2014 Rate Announcement: No Change… Again
The Bank of Canada released their latest rate announcement this week and – shocker – made no change to the trendsetting Overnight Lending Rate…
Get the full story – along with our forecast for this month’s mortgage rates – below, along with the week’s top headlines.
September Mortgage Rates Get a D for Discount
Applying for a mortgage this month? You’re in luck – RateSupermarket.ca’s expert Mortgage Rate Outlook Panel calls for summer’s steep discounts to continue through September. Read on for their full forecast for fixed and variable mortgage rates.
Read Penelope’s Blog | September Mortgage Rates Get a D for Discount
Bank of Canada September 2014 Rate Announcement: No Change… Again
The Bank of Canada released their latest rate announcement this week and – shocker – made no change to the trendsetting Overnight Lending Rate…
