Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Banks see initial writedowns, future earnings bump under Trump tax changes Jan 10th
Canadian banks are expecting some short-term pain from U.S. President Donald Trump's tax overhaul, but a significant lift on future earnings..... More »
Oil pipeline opponents target energy companies’ financing, to mixed results May 14th
Efforts to persuade banks to stop supporting oil pipeline projects doesn’t seem to have hurt energy companies broadly, but activists say financial institutions are becoming more aware of Indigenous rights
.... More »
Update! Tangerine Money-Back Credit Card Review Nov 28th
Update, November 27, 2019:
Apply for a Tangerine Money-Back Credit Card by December 31, 2019 and receive a $75 e-Gift Card from RateSupermarket.ca when your application is approved.
Looking to earn cash back on your daily expenditures? Don’t want to pay an annual fee? Enter the Tang.... More »
Top Ways to Save Money As a New Parent Jan 17th
As a new parent, it’s very easy to go overboard on spending. After all, who wouldn’t want to shower an adorable new human with an influx of cute items? The truth is, you can spend as much or as little as you want and still have all the necessities for your little one. These days, there are so m.... More »
Canada’s big banks expected to report modest gains in earnings + MORE Nov 28th
The country’s stumbling energy sector, weak dollar and housing regulations all contributed to less-than-stellar outlook
.... More »
Lenders Call a Truce on Spring Mortgage Rate Wars
– ratesupermarket.ca
April historically marks an uptick in mortgage price competition as brokers and banks march out their most attractive interest rates – but with today’s fixed and variable rates already at record lows, lenders are engaging in fewer price skirmishes. However, spring mortgage borrowers are sure to be laughing all the way to the bank as low bond yields have pushed fixed rates far below last year’s discounts, and no move is expected from the Bank of Canada on the national cost of borrowing.
Click here for the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Remember when the 2.99-five-year-fixed whipped the market into a frenzy? It was just a few seasons ago, but the days of frantic basis-point buybacks seem long past. With today’s most competitive five-year fixed offerings hovering around the 2.30% mark for months – a mere 20 basis-point difference from today’s lowest variable options – lenders are taking a more relaxed approach to their spring pricing.
Bond yields, which have stayed stagnant and below the 1% threshold, are to blame for the lack of mortgage price movement and will stay at status quo; The U…
Click here for the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Remember when the 2.99-five-year-fixed whipped the market into a frenzy? It was just a few seasons ago, but the days of frantic basis-point buybacks seem long past. With today’s most competitive five-year fixed offerings hovering around the 2.30% mark for months – a mere 20 basis-point difference from today’s lowest variable options – lenders are taking a more relaxed approach to their spring pricing.
Bond yields, which have stayed stagnant and below the 1% threshold, are to blame for the lack of mortgage price movement and will stay at status quo; The U…
Lenders Call a Truce on Spring Mortgage Rate Wars
– ratesupermarket.ca
April historically marks an uptick in mortgage price competition as brokers and banks march out their most attractive interest rates – but with today’s fixed and variable rates already at record lows, lenders are engaging in fewer price skirmishes. However, spring mortgage borrowers are sure to be laughing all the way to the bank as low bond yields have pushed fixed rates far below last year’s discounts, and no move is expected from the Bank of Canada on the national cost of borrowing.
Click here for the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Remember when the 2.99-five-year-fixed whipped the market into a frenzy? It was just a few seasons ago, but the days of frantic basis-point buybacks seem long past. With today’s most competitive five-year fixed offerings hovering around the 2.30% mark for months – a mere 20 basis-point difference from today’s lowest variable options – lenders are taking a more relaxed approach to their spring pricing.
Bond yields, which have stayed stagnant and below the 1% threshold, are to blame for the lack of mortgage price movement and will stay at status quo; The U…
Click here for the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Remember when the 2.99-five-year-fixed whipped the market into a frenzy? It was just a few seasons ago, but the days of frantic basis-point buybacks seem long past. With today’s most competitive five-year fixed offerings hovering around the 2.30% mark for months – a mere 20 basis-point difference from today’s lowest variable options – lenders are taking a more relaxed approach to their spring pricing.
Bond yields, which have stayed stagnant and below the 1% threshold, are to blame for the lack of mortgage price movement and will stay at status quo; The U…
Bill Downe, CEO of BMO Financial Group, speaks at the company’s annual meeting in Toronto on April 1, 2014. (Michelle Siu/CP)TORONTO – The Bank of Montreal’s CEO is defending the Canadian banking sector’s anti-money laundering practices following reports linking a major Canadian financial institution to a Panamanian law firm at the centre of a data leak on the use of offshore tax havens.
Bill Downe says Canadian banks have “dramatically” beefed up their anti-money laundering controls over the last seven to 10 years at the request of various governments around the world.
“I would say that the current Bank Secrecy Act anti-money laundering provisions, particularly involving U.S. dollar accounts, are extremely robust,” Downe said in an interview following the bank’s annual shareholder meeting in Toronto on Tuesday.
He added that if any violations do emerge from documents leaked from the law firm Mossack Fonseca, he suspects they will be in relation to business that originated a long time ago — before the big push by the banks to bolster their anti-money laundering practices…
Kicking the Oil Business When It's Down
– online.wsj.com
Rising regulatory scrutiny of banks that lend to energy companies is tightening the screws on fossil fuels.
