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
Canadians less confident in finances heading into 2016 + MORE Jan 5th
A majority of Canadians remain confident about their finances heading into 2016, but the percentage holding a positive view is down from a year ago, according to a new poll from one of the country’s big banks.
The CIBC (TSX:CM) poll found that more than two thirds of Canadians, or 69 per cent, fel.... More »
On the trail of Forrest Fenn’s hidden treasure Oct 21st
The Chama river in Northern New Mexico has been a hotspot for treasure seekers looking for Fenn’s Gold due to both its proximity to Fenn’s home in Santa Fe, and references to water and canyons in his poem. (Photograph by Josh Biggs)
There is smoke in the valley at daybreak, and the smell.... More »
TD Canada Trust Hikes Prime Mortgage Rate – What’s Next? + MORE Nov 4th
It was a move that came as a shock to some but not was not a surprise to others. On November 1st, TD Canada Trust became the first of the big five banks in Canada to raise its prime mortgage rate from 2.7 per cent to 2.85 per cent. The news comes only two weeks after the implementation of brand-new.... More »
'It’s about the customers:' Canada's big banks defend adoption of Apple Pay May 28th
Apple may be partnering with Canadian banks with its payment service, but that could mean revenue loss for the financial establishments
.... More »
Making sense of the markets this week: October 2 Oct 1st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Bears are beating the bulls this year, but don’t bulls always win?
As share prices continue to fall faster than earnings in almos.... More »
Business Highlights
– canadianbusiness.com
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In a slow-growth world, technology stocks are trending again
NEW YORK (AP) — Technology stocks are trending big-time as investors latch on to innovative companies racing ahead in a slow-growth world.
The tech-heavy Nasdaq is the best performing major U.S. stock index this year, gaining 6 per cent as the Standard & Poor’s 500 and the Dow Jones Industrial averages have wavered between small gains and losses.
The industry has re-established itself as the dominant sector in the U.S. stock market and currently accounts for 20 per cent of the value of the S&P 500 index.
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Greece’s euro partners approve billions in new loans
BRUSSELS (AP) — Finance ministers of the 19-nation euro single currency group on Friday approved the first 26 billion euros ($29 billion) of a vast new bailout package to help rebuild Greece’s shattered economy.
Ten billion euros will be available to recapitalize Greece banks, while a second slice of 16 billion euros will be paid in installments, starting with 13 billion euros by Aug…
In a slow-growth world, technology stocks are trending again
NEW YORK (AP) — Technology stocks are trending big-time as investors latch on to innovative companies racing ahead in a slow-growth world.
The tech-heavy Nasdaq is the best performing major U.S. stock index this year, gaining 6 per cent as the Standard & Poor’s 500 and the Dow Jones Industrial averages have wavered between small gains and losses.
The industry has re-established itself as the dominant sector in the U.S. stock market and currently accounts for 20 per cent of the value of the S&P 500 index.
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Greece’s euro partners approve billions in new loans
BRUSSELS (AP) — Finance ministers of the 19-nation euro single currency group on Friday approved the first 26 billion euros ($29 billion) of a vast new bailout package to help rebuild Greece’s shattered economy.
Ten billion euros will be available to recapitalize Greece banks, while a second slice of 16 billion euros will be paid in installments, starting with 13 billion euros by Aug…
Willie Sutton Could Have Been a Regulator
– online.wsj.com
A New York contretemps shows how the war on the banks has become a revenue shakedown.
