The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
Latest News
Swiss police say they've caught Canada's Vaulter bandit - The Globe and Mail + MORE Sep 16th
The Globe and MailSwiss police say they've caught Canada's Vaulter banditThe Globe and MailCanada's most notorious bank robber, known as the Vaulter, might have had a past life, as someone known in the United States as the Reebok Bandit. For more than five years, a grey-haired man had.... More »
Tim Hortons Rewards Credit Card To Launch In May Feb 26th
The competition in the coffee market is brewing as Timmies has upped the ante. Canadian java lovers will be happy to learn that Tim Hortons and CIBC are teaming up to offer a Visa loyalty rewards credit card. Loyal customers (of which there are no shortage in our great nation) will score points eve.... More »
Asian shares mixed as Bank of Japan, Fed mull policy options + MORE Sep 21st
TOKYO – Asian shares meandered Wednesday as markets awaited the outcomes of monetary policy meetings in the U.S. and Japan. Japan’s benchmark fell after August trade data came in weaker than expected.
KEEPING SCORE: Tokyo’s Nikkei 225 fell 0.5 per cent to 16,411.97 and the Hang Sen.... More »
Hedging against inflation with dividend-paying stocks Apr 2nd
Dividend-paying stocks typically don’t get much attention, but that’s changing as investors look for ways to protect their wealth in the face of market turbulence and inflation. Investing in dividend-paying stocks is one proven way to both grow your portfolio and cushion it against loss. That’.... More »
Pre Holiday Credit Card Debt Already at 2-Year High Nov 24th
By: Barry Choi
With Black Friday week marking the unofficial start to the holiday shopping season, many Canadians are hoping to get an early start on their spending. But how much money do they plan on dropping? The average is $1,551, according to a new study from BMO Financial Group.
Holiday spendi.... More »
Book Review: Stop Over-Thinking Your Money
– ratesupermarket.ca
Personal finance can be an intimidating topic, but it doesn’t have to be. With the hundreds of books out there, where is a reader to start? Some people would rather get a root canal than assess their financial situation. And while improving personal finances is one of the most common New Year’s Resolutions, by mid-January many have already given up on their holiday credit card statement. It’s these excuses author and Globe and Mail personal finance columnist Preet Banerjee skewers in his new book, Stop Over-Thinking Your Money.
Banerjee provides five simple rules to follow towards financial success. You’ll note investing isn’t one of them – why should you worry about investing, when you don’t have any money to invest? With household debt at record levels and personal savings rates at paltry levels, Canadians clearly aren’t getting the message. Banerjee’s rules are easy to grasp and actionable – you’ll achieve an “easy a” in personal finance in no time…
6 Ways To Recover From A Holiday Spending Snafu
– ratesupermarket.ca
Buyer’s remorse is at an all-time high during the last two weeks of December and the beginning of January. Frantic to complete holiday gift shopping, shoppers often disregard price tags and swipe credit cards and debit cards without a care. That is, until the reality of how much they’ve spent sets in. Enter feelings of regret.
Sound familiar? Read on for quick tips about how to recover from your holiday spending snafu.
Return — Don’t Exchange — Unwanted Gifts
Instead of exchanging that ugly sweater from Grandma for something, why not return it and keep the money instead? A few returns could help take you out of the red to into the green. If a store credit is your only option, save it for a time when you’ll really need it.
Go Cash-Only
After the holidays, give your credit cards a well-deserved break. Take them out of your wallet and replace them with cash. Relying on cash only will stop you from purchasing what you can’t afford.
Say No To Social Spending
Turn down social gatherings you can’t afford to partake in…
Johnson for President
– online.wsj.com
Morning Editorial Report: Harry Reid tries again on unemployment benefits, Facebook’s Zuckerberg admits that revenue is good, and investors and prosecutors love big banks.
