Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
How the Dow Jones industrial average fared on Wednesday Nov 9th
Stocks closed sharply higher Wednesday as investors reacted to Donald Trump being elected president of the United States in an upset victory over Hillary Clinton.
Banks, drugmakers and industrial companies gained the most, while safe-haven assets like utilities slumped. The market hopes that Trump&#.... More »
What's closed on Victoria Day - Toronto Sun + MORE May 21st
Toronto SunWhat's closed on Victoria DayToronto SunHere's a list of what is open, closed — and happening: CLOSED. • The Toronto Sun will not be publishing tomorrow, Victoria Day. •LCBO stores and the Beer Store. • Banks, government offices and municipal buildings, including librari.... More »
Are low interest rates doing more harm than good? Jul 16th
Mark Carney was oddly framed by TV cameras when he made his hasty post-Brexit address the morning after the United Kingdom voted to leave the European Union. Standing behind a lectern, but in front of an open doorway, the governor of the Bank of England appeared as though trapped inside a box. It wa.... More »
Tips for Paying Off Credit Card Debt Jun 14th
Credit card bills got you down?
That’s the trouble with paying with plastic. It is easy to spend, but not quite as easy to pay off the debt you accrue – especially if you are only paying the minimum each month. Carrying too much credit card debt can make it harder to get a loan for a house .... More »
The best GIC rates in Canada for 2025 Apr 14th
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Tourists shielded from Greek crisis cancelling trips
– moneysense.ca
(Getty Images/Marco Simoni)ATHENS, Greece – Greece is known the world over for its historic sites, sparkling sea, and lovely, vine-shaded restaurants. Add riot police, shuttered banks, and lines at cash machines and the picture clouds.
This is the reality facing tourism in Greece this year, as the peak summer season in the popular destination is threatened by a financial crisis of frightening proportions. Up until now, the charming cafes and outdoor restaurants near the Acropolis have remained overflowing with tourists, but considering the bad publicity of the past week’s events, many businesses say they are beginning to see cancellations and a slowdown in reservations.
“Our future bookings are down 20 to 30 per cent,” said Edward Fisher, who owns and operates Athens Backpackers and Athens Studios, with prime locations near the Acropolis that cater mostly to youthful travellers without mega-budgets.
He blamed the global media for the marked slowdown, and said he believes it will only be a “temporary blip” because of Greece’s timeless appeal…
Business Highlights
– canadianbusiness.com
___
Greece gets until Sunday for proposals to stave off collapse
BRUSSELS (AP) — Frustrated and angered eurozone leaders gave Greek Prime Minister Alexis Tsipras a last-minute chance on Tuesday to finally come up with a viable proposal on how to save his country from financial ruin.
Overcoming their surprise when Tsipras failed to come up with a detailed plan, the leaders reluctantly agreed to a final summit Sunday, saying that could give both sides an opportunity to stave off collapse of the struggling but defiant member nation.
___
The battle for control of the growing breast milk industry
TRENTON, N.J. (AP) — It could trade for 400 times more than the price of crude oil and 2,000 times more than iron ore. If sold off the shelf, it could cost more than 150 times the price of a gallon of cow’s milk and 15 times more than coffee.
Going for as much as $4 per ounce, breast milk is a hot commodity that is emerging as a surprisingly cutthroat industry, one that states are seeking to regulate amid a battle for control between non-profit and for-profit banks that supply hospital neonatal units…
Greece gets until Sunday for proposals to stave off collapse
BRUSSELS (AP) — Frustrated and angered eurozone leaders gave Greek Prime Minister Alexis Tsipras a last-minute chance on Tuesday to finally come up with a viable proposal on how to save his country from financial ruin.
Overcoming their surprise when Tsipras failed to come up with a detailed plan, the leaders reluctantly agreed to a final summit Sunday, saying that could give both sides an opportunity to stave off collapse of the struggling but defiant member nation.
___
The battle for control of the growing breast milk industry
TRENTON, N.J. (AP) — It could trade for 400 times more than the price of crude oil and 2,000 times more than iron ore. If sold off the shelf, it could cost more than 150 times the price of a gallon of cow’s milk and 15 times more than coffee.
Going for as much as $4 per ounce, breast milk is a hot commodity that is emerging as a surprisingly cutthroat industry, one that states are seeking to regulate amid a battle for control between non-profit and for-profit banks that supply hospital neonatal units…
Greek Prime Minister Alexis Tsipras launched a desperate bid to win fresh aid from skeptical creditors at an emergency euro zone summit on Tuesday, before his country’s banks run out of money.
