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?
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Looking for a mortgage in B.C.? Don’t limit your options to the big banks Nov 9th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Aug 12th
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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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In wake of Brexit, financial stability report coming from Bank of England Jul 4th
Investors and banks will be watching what governor Mark Carney announces
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The best GIC rates in Canada for August 2023 Aug 29th
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The best GIC rates in Canada for August 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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The best GIC rates in Canada for 2026 Apr 8th
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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Business Highlights
– canadianbusiness.com
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Companies lose billions buying back their own stock
NEW YORK (AP) — If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what’s going on inside businesses than anyone else: companies that buy their own shares.
The companies losing money on these bets are down a collective $126 billion over the past three years, a decline of 15 per cent.
And it’s not just a few big corporate losers accounting for all the pain. The group includes 229 companies in the Standard and Poor’s 500 index, nearly half of the companies in the study prepared by FactSet for The Associated Press.
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Obama unveils record $4.1 trillion election-year budget
WASHINGTON (AP) — President Barack Obama on Tuesday unveiled a record $4.1 trillion, election-year budget that finances Democratic priorities like education, health care and climate change with new taxes on crude oil, the wealthy and big banks.
Obama called the budget — his eighth and final one — “a roadmap to a future that embodies America’s values and aspirations: a future of opportunity and security for all of our families; a rising standard of living; and a sustainable, peaceful planet for our kids…
Companies lose billions buying back their own stock
NEW YORK (AP) — If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what’s going on inside businesses than anyone else: companies that buy their own shares.
The companies losing money on these bets are down a collective $126 billion over the past three years, a decline of 15 per cent.
And it’s not just a few big corporate losers accounting for all the pain. The group includes 229 companies in the Standard and Poor’s 500 index, nearly half of the companies in the study prepared by FactSet for The Associated Press.
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Obama unveils record $4.1 trillion election-year budget
WASHINGTON (AP) — President Barack Obama on Tuesday unveiled a record $4.1 trillion, election-year budget that finances Democratic priorities like education, health care and climate change with new taxes on crude oil, the wealthy and big banks.
Obama called the budget — his eighth and final one — “a roadmap to a future that embodies America’s values and aspirations: a future of opportunity and security for all of our families; a rising standard of living; and a sustainable, peaceful planet for our kids…
Digital banking service offers 3% interest savings
– moneysense.ca
(malerapaso/Getty Images)Great news for consumers looking for a viable high-interest savings account alternative to those at the Big Five. Equitable Bank has launched EQ Bank, Canada’s first completely digital banking service, with an everyday interest savings rate of 3% and no fees or minimum balance requirements. In addition to the higher interest rate, which handily tops anything offered by the big banks, EQ Bank accounts also allow daily transactions, including bill payments and e-transfers.
The post Digital banking service offers 3% interest savings appeared first on MoneySense.
Toronto Stock Exchange loses two per cent as oil falls below US$28 a barrel – Montreal Gazette
– news.google.ca
Toronto StarToronto Stock Exchange loses two per cent as oil falls below US$28 a barrelMontreal GazetteTORONTO – The price of oil fell Tuesday to levels not seen in nearly 13 years, dragging down the Toronto Stock Exchange by two per cent as investors grow increasingly concerned there is too much crude on the markets. The S&P/TSX composite index …TSX falls 2 percent as banks, energy stocks sinkReuters Canadaall 223 news articles »
Credit default swaps reveal heightened investor concern over banks
– theglobeandmail.com
Bets against global financial institutions, energy producers and mining companies are soaring
Toronto Stock Exchange loses two per cent as oil falls below US$28 a barrel – Montreal Gazette
– news.google.ca
Toronto StarToronto Stock Exchange loses two per cent as oil falls below US$28 a barrelMontreal GazetteTORONTO – The price of oil fell Tuesday to levels not seen in nearly 13 years, dragging down the Toronto Stock Exchange by two per cent as investors grow increasingly concerned there is too much crude on the markets. The S&P/TSX composite index …TSX falls 2 percent as banks, energy stocks sinkReuters Canadaall 223 news articles »
