Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Do you need that bank mutual fund? Maybe not Jul 10th
A regulator-led survey of Ontario mutual fund dealers based out of big banks finds a sizable minority are not always acting in the interests of clients.
The survey of close to 3,000 dealers by the Ontario Securities Commission and the Canadian Investment Regulatory Organization found that 25% say.... More »
Investment is flowing out of Canada and into U.S. after tax changes, RBC president says Apr 3rd
The head of one of Canada's largest banks is urging the federal government to stem the flow of investment capital from this country to the United States — because, he warns, it's already leaving in "real time.".... More »
The best high-interest savings accounts in Canada for 2024 Jul 29th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Why Do I Get Different Credit Scores from Different Websites in Canada? + MORE Dec 4th
Have you received a different credit score from a credit monitoring website than you did when applying for a car loan or mortgage? This isn’t just surprising for you: it’s a likely result. Canadians can use several free credit report sites to monitor their credit; they can also pay for .... More »
Canada’s best Mastercard credit cards for 2023 Jan 3rd
Mastercard is one of the most widely accepted credit cards in the world, and its association with the Bank of Montreal and status as the only card you can use at Costco make it a strong choice for everyday spending. Whatever you need in a credit card—whether it’s opportunities to earn cash or re.... More »
US says banks won’t be punished for lawful business in Iran
– canadianbusiness.com
LONDON – U.S. Secretary of State John Kerry tried Thursday to reassure European banks they won’t be penalized for conducting or facilitating business with Iran, as he worked to address Tehran’s grievance that businesses are still staying away despite the nascent nuclear deal.
At an unusual meeting in London, the top U.S. diplomat joined Britain’s top commerce official to challenge what Kerry called “misinterpretations or mere rumours” about U.S. sanctions on Iran, the most sweeping of which were lifted in exchange for Iran rolling back its nuclear program. The list of banks whose leaders attended was a Who’s Who of powerful financial institutions based in Europe, including HSBC, Deutsche Bank, Barclays and BNP Paribas.
“We want to make it clear that legitimate business, which is clear under the definition of the agreement, is available to banks,” Kerry told reporters after the meeting. “As long as they do their normal due diligence and know who they’re dealing with, they’re not going to be held to some undefined and inappropriate standard here…
At an unusual meeting in London, the top U.S. diplomat joined Britain’s top commerce official to challenge what Kerry called “misinterpretations or mere rumours” about U.S. sanctions on Iran, the most sweeping of which were lifted in exchange for Iran rolling back its nuclear program. The list of banks whose leaders attended was a Who’s Who of powerful financial institutions based in Europe, including HSBC, Deutsche Bank, Barclays and BNP Paribas.
“We want to make it clear that legitimate business, which is clear under the definition of the agreement, is available to banks,” Kerry told reporters after the meeting. “As long as they do their normal due diligence and know who they’re dealing with, they’re not going to be held to some undefined and inappropriate standard here…
The Globe and MailFort McMurray evacuees eligible for almost $2000 each in aidThe Globe and MailAdult Fort McMurray residents driven out of the northern Alberta city by a massive wildfire stand to individually receive almost $2,000 in direct aid from assistance programs engineered by the provincial government and the Canadian Red Cross. The Red …Five things you should know before you start your work day on May 12Financial PostFatigue is setting in for Fort McMurray's displacedToronto SunBig banks cut growth outlooks for Canada in wake of Fort McMurray wildfireCTV NewsCBC.ca -National Post -Globalnews.ca -Calgary Heraldall 821 news articles »
Big Banks Are Now Offering Apple Pay
– ratesupermarket.ca
Apple Pay is making more inroads into Canada. Two of Canada’s biggest banks, CIBC and RBC, say starting now, customers with Interac debit cards and Visa and MasterCard credit cards issued through them, can use the Wallet App to load card information and then make purchases that will be charged back to those cards. ATB Financial and Canadian Tire Financial Services are also offering their credit card customers Apple Pay effective immediately. American Express card holders have been able to use Apple Pay since mid-2015, but up until now no big banks have been involved.
On its website, CIBC, is advertising “The Easy Way to Pay is here with Apple Pay.” RBC’s website touts, “Working together to give you a more convenient and secure way to pay.” Both are correct. Apple Pay is a fast and convenient way to make point of sale purchases, but it still has its challenges.
How to pay with iphone or watch
First you need a few items to get started with Apple Pay, the most important being an iPhone 6 model or newer, or Apple Watch…
Big banks shave 2016 growth outlooks for Canada in wake of Alberta wildfire
– canadianbusiness.com
OTTAWA – The effects of the enormous Alberta wildfire on the ever-crucial oil sector have prompted forecasters to trim their 2016 economic growth predictions for the entire country.
Experts, including those from several big banks, have shaved their outlooks in recent days following the huge blaze that tore through Fort McMurray — the heart of oil country.
The emergency forced nearby oilsands facilities to shut down last week, but some have begun to restart their operations. More are expected to get back to work over the coming days.
But even temporary closures in the economically important industry are expected to have an impact on the nationwide real gross domestic product.
In many cases, the updated real GDP projections also reflect disappointing economic data releases in recent weeks for trade and the labour force.
Since the fire, TD knocked its 2016 real GDP projection down to 1.6 per cent from 1.9 per cent — 0.2 percentage points of which it attributed to the wildfire.
BMO clipped its prediction to 1…
Experts, including those from several big banks, have shaved their outlooks in recent days following the huge blaze that tore through Fort McMurray — the heart of oil country.
The emergency forced nearby oilsands facilities to shut down last week, but some have begun to restart their operations. More are expected to get back to work over the coming days.
But even temporary closures in the economically important industry are expected to have an impact on the nationwide real gross domestic product.
In many cases, the updated real GDP projections also reflect disappointing economic data releases in recent weeks for trade and the labour force.
Since the fire, TD knocked its 2016 real GDP projection down to 1.6 per cent from 1.9 per cent — 0.2 percentage points of which it attributed to the wildfire.
BMO clipped its prediction to 1…
Big Banks Are Now Offering Apple Pay
– ratesupermarket.ca
Apple Pay is making more inroads into Canada. Two of Canada’s biggest banks, CIBC and RBC, say starting now, customers with Interac debit cards and Visa and MasterCard credit cards issued through them, can use the Wallet App to load card information and then make purchases that will be charged back to those cards. ATB Financial and Canadian Tire Financial Services are also offering their credit card customers Apple Pay effective immediately. American Express card holders have been able to use Apple Pay since mid-2015, but up until now no big banks have been involved.
On its website, CIBC, is advertising “The Easy Way to Pay is here with Apple Pay.” RBC’s website touts, “Working together to give you a more convenient and secure way to pay.” Both are correct. Apple Pay is a fast and convenient way to make point of sale purchases, but it still has its challenges.
How to pay with iphone or watch
First you need a few items to get started with Apple Pay, the most important being an iPhone 6 model or newer, or Apple Watch…
