Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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Will GIC rates keep going up in 2024? Dec 23rd
As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict wit.... More »
What Is CDIC and How Does It Work? Mar 23rd
When you see the purple decal – this is what it means for your savings
For generations, Canadians have been able to place their trust in their financial institutions. In fact, during the global economic crisis of 2008, Canadian banks weathered the storm better than most and were the envy of fi.... More »
European stocks, banks gain after Brexit deal defeat while U.K. shares lag Jan 16th
British shares lagged Europe slightly on Wednesday after Prime Minister Theresa May's resounding defeat in a parliamentary vote on her Brexit deal, but in the face of continuing political uncertainty investors focused on results and M&A news..... More »
The best rewards debit cards in Canada for 2024 Mar 5th
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The best rewards debit cards in Canada for 2024
These are the debit cards that can earn you rewards like cash back, PC Optimum points, Scene+ points and Air Miles.
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Air Canada teams up with 2 banks and Visa to make offer to buy Aeroplan Jul 25th
Air Canada is teaming up with three financial services giants to try to buy its former loyalty program, Aeroplan, from its current owner for $2.2 billion..... More »
Bank of Montreal to open new ‘urban campus’ at the Toronto Eaton Centre
– canadianbusiness.com
TORONTO _ The Bank of Montreal is taking over a four-storey space in the Toronto Eaton Centre in a bid to attract the high-tech talent it needs to bring ideas to the market quicker.
The bank’s plans, unveiled on Thursday, include an “urban campus” that will take over a portion of Sears Canada’s former digs at the mall and house 3,500 employees when it opens in 2021.
Chief executive Darryl White called it “central to the business transformation underway at BMO.”
“We are changing the way we work all across the bank and through the strategic partnerships that we create…so that we can move faster and take new ideas to our customers quickly,” he said to a crowd of hundreds of his employees, who had gathered at the mall for the announcement.
In recent years, the large Canadian banks have been competing for talent. Last year, Scotiabank opened its “digital factory” compete with a bowling alley and speakeasy to attract highly skilled workers…
The bank’s plans, unveiled on Thursday, include an “urban campus” that will take over a portion of Sears Canada’s former digs at the mall and house 3,500 employees when it opens in 2021.
Chief executive Darryl White called it “central to the business transformation underway at BMO.”
“We are changing the way we work all across the bank and through the strategic partnerships that we create…so that we can move faster and take new ideas to our customers quickly,” he said to a crowd of hundreds of his employees, who had gathered at the mall for the announcement.
In recent years, the large Canadian banks have been competing for talent. Last year, Scotiabank opened its “digital factory” compete with a bowling alley and speakeasy to attract highly skilled workers…
Canadian banks wrap up solid quarter with TD bank beating expectations
– canadianbusiness.com
TORONTO _ Canada’s biggest banks wrapped up another solid quarter of better-than-expected results, shrugging off hefty writedowns and worries about the domestic housing market with robust growth beyond the country’s borders.
TD, the last of the big banks to report its results, said Thursday it earned $2.353 billion for the period ended Jan. 31, marking a seven per cent drop from the same period in 2017.
But after adjusting for one-time items, TD Bank reported adjusted diluted earnings of $2.946 billion or $1.56 per share, a 15 per cent jump from the previous year, beating expectations.
Collectively, the five biggest banks including Royal Bank of Canada, TD Bank, Bank of Montreal, Scotiabank and the Canadian Imperial Bank of Commerce, earned more than $10-billion for the three-month period. That marks a 4.4 per cent drop from roughly $10.46 billion in the first quarter of 2017.
Earnings for lenders with a U.S. footprint this quarter were hit by one-time charges to adjust for a major U…
TD, the last of the big banks to report its results, said Thursday it earned $2.353 billion for the period ended Jan. 31, marking a seven per cent drop from the same period in 2017.
But after adjusting for one-time items, TD Bank reported adjusted diluted earnings of $2.946 billion or $1.56 per share, a 15 per cent jump from the previous year, beating expectations.
Collectively, the five biggest banks including Royal Bank of Canada, TD Bank, Bank of Montreal, Scotiabank and the Canadian Imperial Bank of Commerce, earned more than $10-billion for the three-month period. That marks a 4.4 per cent drop from roughly $10.46 billion in the first quarter of 2017.
Earnings for lenders with a U.S. footprint this quarter were hit by one-time charges to adjust for a major U…
