Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Bank of Montreal CEO Bill Downe to retire in October; successor is Darryl White + MORE Apr 8th
After more than a decade at the helm, the Bank of Montreal’s Bill Downe has announced plans to retire as CEO on Oct. 31.
He will be succeeded by Darryl White, who is currently the bank’s (TSX:BMO) chief operating officer.
In a statement issued Friday, BMO chairman Robert Prichard highlig.... More »
Sault Chamber reacts to provincial budget - SooToday.com + MORE Mar 29th
Sault Chamber reacts to provincial budget SooToday.comMayors from Waterloo region share their wins and disappointments from Ontario's 2026 budget cbc.caOntario’s budget banks on a housing resale rebound in 2026 — but real estate players aren’t so sure thestar.c.... More »
Big banks watch closely as Laurentian shutters branches Oct 1st
As business shifts away from bricks-and-mortar institutions to online banking, smaller lender announces major change
.... More »
The best GIC rates in Canada for 2025 + MORE Dec 29th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
TSX retreats 129 points, Wall Street sees red + MORE Mar 21st
Canada's main stock index fell as declines in banks, airlines and energy stocks dragged heavily on the market..... More »
Big Banks Respond to Fintech Threat with Lower Bank Fees, Better Offerings
– ratesupermarket.ca
Disruptive technology is everywhere these days. From Uber, which has turned the taxi industry on its head, to Car2Go subbing for vehicle ownership and Airbnb replacing the average hotel room, these disruptive innovations are giving traditional businesses a run for their money. Now there’s fintech – short for financial technology – and it’s a threat that could put an end to this country’s big banks’ record profits.
What is Disruptive Technology?
It’s a buzzword we hear often but what does it really mean? In short, disruptive technology is any innovation or startup that displaces a current market and deeply changes the economic landscape. It’s a threat to established players such as the big banks. Not only can startups take away a large corporation’s market share, they can put them out of business for failing to respond.
With fintech companies turning their attention to the banking industry, the big banks aren’t giving up their market share without a battle. There’s a huge chasm between banking customers several decades ago and those customers today, who now demand digital tools to access and manage their money…
Bank results show economy better than thought: Mayers
– thestar.com
The banks are a good barometer of our economic health. They’re reporting strong profits even as bad energy loans rise.Big Banks Respond to Fintech Threat with Lower Bank Fees, Better Offerings
– ratesupermarket.ca
Disruptive technology is everywhere these days. From Uber, which has turned the taxi industry on its head, to Car2Go subbing for vehicle ownership and Airbnb replacing the average hotel room, these disruptive innovations are giving traditional businesses a run for their money. Now there’s fintech – short for financial technology – and it’s a threat that could put an end to this country’s big banks’ record profits.
What is Disruptive Technology?
It’s a buzzword we hear often but what does it really mean? In short, disruptive technology is any innovation or startup that displaces a current market and deeply changes the economic landscape. It’s a threat to established players such as the big banks. Not only can startups take away a large corporation’s market share, they can put them out of business for failing to respond.
With fintech companies turning their attention to the banking industry, the big banks aren’t giving up their market share without a battle. There’s a huge chasm between banking customers several decades ago and those customers today, who now demand digital tools to access and manage their money…
