Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
How Rewarding are Canadian Rewards Credit Cards? Sep 11th
Canadians are reaping the benefits of their rewards cards in large numbers, according to a recent survey by RateSupermarket.ca. Currently, there are over 74 million active credit card accounts in Canada, with the average Canadian owning two credit cards and 8 in 10 holding a rewards credit card.... More »
Quiz: How Well Do You Know Your Credit Card? Jul 7th
According to the 2019 Canada Credit Card Satisfaction Study by J.D. Power, “customers who fully understand the benefits offered by their credit card issuer have significantly higher satisfaction levels compared with those who do not completely understand the benefits.”
Customers are more satisf.... More »
Canada’s best rewards credit cards for 2023 Jun 17th
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The 10 best rewards credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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.... 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 »
A ‘difficult’ quarter: The Big Six capital markets scorecard + MORE Feb 29th
For three of the five banks that reported results last week, profits from capital markets fell by double digits from last year
.... More »
Banks Short Interest, as at 30 August 2013
– financialsector.blogspot.com
Scotia Capital, 12 September 2013
• Canadian banks continue to be heavily shorted relative to U.S. major banks (see our April 29, 2013 report Canadian Banks Short Interest Ratio Higher Than Prior to Lehman Collapse), based on the most recent data, August 30, by the TSX and NYSE.
Implications
• Canadian banks short interest ratio declined modestly in August to 9.4 trading days compared to 10.6
Confused By Mortgage Headlines? You’re Not Alone
– ratesupermarket.ca
Good or bad – finance headlines these days just can’t seem to make up their minds when it comes to Canada’s housing market. Somber market crash warnings are followed up with optimistic sales and demand reports, only to be quashed again by fears of rising rates. It’s no wonder that today’s rapid-fire digital news climate leaves readers confused over the real message.
The recent bout of conflicting mortgage news serves as a prime example.
This week, Huffington Post Canada reported that Canadian mortgage debt had doubled in the past four years. The article had noted that mortgage debt leapt to $879 billion in June, 2013, from $436.6 billion in June, 2009.
The comments section was flooded with remarks from more than 80 livid readers (and a few trolls), some exasperated with the uncanny rise in mortgage debt while many poked holes in the story.
According to readers who commented, Canadian banks adjusted their accounting standards for mortgages in 2011, counting securitized mortgages as part of their overall mortgage holdings – a facet that wasn’t part of the tally in previous years…
Confused By Mortgage Headlines? You’re Not Alone
– ratesupermarket.ca
Good or bad – finance headlines these days just can’t seem to make up their minds when it comes to Canada’s housing market. Somber market crash warnings are followed up with optimistic sales and demand reports, only to be quashed again by fears of rising rates. It’s no wonder that today’s rapid-fire digital news climate leaves readers confused over the real message.
The recent bout of conflicting mortgage news serves as a prime example.
This week, Huffington Post Canada reported that Canadian mortgage debt had doubled in the past four years. The article had noted that mortgage debt leapt to $879 billion in June, 2013, from $436.6 billion in June, 2009.
The comments section was flooded with remarks from more than 80 livid readers (and a few trolls), some exasperated with the uncanny rise in mortgage debt while many poked holes in the story.
According to readers who commented, Canadian banks adjusted their accounting standards for mortgages in 2011, counting securitized mortgages as part of their overall mortgage holdings – a facet that wasn’t part of the tally in previous years…
