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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RateSupermarket.ca Will Become RATESDOTCA Sep 30th
We are excited to announce that RateSupermarket.ca will become RATESDOTCA. Don’t worry, besides a name change, how you compare the best credit cards and mortgage rates will remain the same.
What does this mean for you?
Our name is changing, but rest assured, everything else will remain the same.
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The best rewards debit cards in Canada for 2024 Mar 5th
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The best rewards debit cards in Canada for 2024
These are the debit cards that can earn you rewards like cash back, PC Optimum points, Scene+ points and Air Miles.
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CategoryAccountBest for rewards.... More »
Most residents return after flooding forces evacuation of about 100 Brampton homes - CBC.ca + MORE Feb 18th
Most residents return after flooding forces evacuation of about 100 Brampton homes CBC.caToronto's Humber River overflows flooding the banks and the photos are wild blogTOBrampton Fire updates flooding that has left dozens homeless CityNewsWater was as deep as six fe.... More »
The Best No-Fee Rewards Credit Cards For 2019 + MORE May 15th
Credit card rewards come in many forms. From points to statement credits to cold-hard cash, a good rewards card maximizes on your everyday purchases and ultimately helps you save.
Reward credit cards generally offer different amounts of rebates for particular spending categories (gas, grocery, phar.... More »
Fed gives banks with certain securities 2 more years to ensure they fit Volcker Rule Apr 7th
WASHINGTON – The Federal Reserve is giving U.S. banks that have certain complex securities two more years to ensure their holdings don’t put them afoul of the new Volcker Rule.
The Fed’s move announced Monday didn’t give banks an outright exemption for the securities from the.... More »
4 Unexpected Ways The Low Loonie Is Impacting Canadians
– ratesupermarket.ca
The Canadian dollar has sunk to a multi-year low, now trading below 90 cents U.S. The weaker Loonie has traditionally been good news for our manufacturing sector and bad news for cross border shoppers, but there have been some unexpected side effects resulting from the most recent slide that are taking Canadians by surprise.
Big Bank Profits Are Up
Each quarter, banks have been reporting higher profits despite the lagging economy. This is because of their major operations outside of the country. A lower dollar means revenue generated from foreign investment increases. Banks such as TD, Scotiabank, BMO and RBC all have major foreign operations. The profits from these are able to offset any losses felt domestically. TD, CIBC, RBC and BMO all reported higher profits this week for the last quarter.
Travel Surcharges On Top Of Fares
Airlines have tacked a surcharge onto their fares due to the lower dollar. Air Canada and West Jet have both raised their ticket prices, saying the falling Loonie is making business operations more expensive…
Vietnam says bitcoin transactions are illegal, warns against investing in virtual currencies
– canadianbusiness.com
HANOI, Vietnam – Vietnam’s communist government said trading in bitcoin and other electronic currencies is illegal, and warned its citizens not to use or invest in them.
A central bank statement late Thursday didn’t spell out penalties for those who disobeyed the instruction, but it said that virtual currencies are linked to money laundering and other illegal activities.
The collapse of a major bitcoin exchange in Tokyo this week has drawn renewed attention to the currency.
Late last year, China banned its banks and payment systems from handling bitcoin. Thailand earlier put a blanket ban on its use.
Currencies like bitcoin are unnerving financial regulators in Asia and elsewhere because they are outside of their control. Established banks don’t like them because people can send the money around the world with any fees.
There are a few websites that claim to offer bitcoin in exchange for Vietnamese dong, but it’s unclear whether they have done any trading so far…
A central bank statement late Thursday didn’t spell out penalties for those who disobeyed the instruction, but it said that virtual currencies are linked to money laundering and other illegal activities.
The collapse of a major bitcoin exchange in Tokyo this week has drawn renewed attention to the currency.
Late last year, China banned its banks and payment systems from handling bitcoin. Thailand earlier put a blanket ban on its use.
Currencies like bitcoin are unnerving financial regulators in Asia and elsewhere because they are outside of their control. Established banks don’t like them because people can send the money around the world with any fees.
There are a few websites that claim to offer bitcoin in exchange for Vietnamese dong, but it’s unclear whether they have done any trading so far…
Big Canadian banks TD and CIBC, plus Maple Leaf Foods, George Weston and Valeant are among the stocks we’re watching Thursday.
As RRSP season closes and many Canadians prepare for tax time, a CBC Marketplace investigation reveals that financial advisers at some of Canada’s top banks and firms are giving consumers inaccurate, misleading and inappropriate advice.
4 Unexpected Ways The Low Loonie Is Impacting Canadians
– ratesupermarket.ca
The Canadian dollar has sunk to a multi-year low, now trading below 90 cents U.S. The weaker Loonie has traditionally been good news for our manufacturing sector and bad news for cross border shoppers, but there have been some unexpected side effects resulting from the most recent slide that are taking Canadians by surprise.
Big Bank Profits Are Up
Each quarter, banks have been reporting higher profits despite the lagging economy. This is because of their major operations outside of the country. A lower dollar means revenue generated from foreign investment increases. Banks such as TD, Scotiabank, BMO and RBC all have major foreign operations. The profits from these are able to offset any losses felt domestically. TD, CIBC, RBC and BMO all reported higher profits this week for the last quarter.
Travel Surcharges On Top Of Fares
Airlines have tacked a surcharge onto their fares due to the lower dollar. Air Canada and West Jet have both raised their ticket prices, saying the falling Loonie is making business operations more expensive…
