Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best high-interest savings accounts in Canada for 2024 + MORE Dec 30th
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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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Oil sinks 5% as Moodys banking downgrade drops another shoe on crisis By Investing.com - Investing.com + MORE Mar 14th
Oil sinks 5% as Moodys banking downgrade drops another shoe on crisis By Investing.com Investing.comOil Falls Again As Traders Remain Concerned About U.S. Banks OilPrice.comWTI crude settles at the lows of the year. The chart is daunting ForexLiveOil Sinks to Three-M.... More »
HISAs vs. bonds and GICs: Where should Canadians hold their cash? Apr 2nd
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
BOJ’s Kuroda warns low rates may sow seeds of new financial crisis Feb 16th
Bank of Japan Governor offers his strongest warning to date of the demerits of aggressive monetary easing pursued by major central banks
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Canada’s bank CEOs get 7% pay raise to earn $53.6 million in fiscal 2017 + MORE Mar 14th
TORONTO _ The chief executives of Canada’s five biggest banks collectively earned roughly $53.6 million in the latest fiscal year, up more than seven per cent from a year earlier.
But it was a particularly good year for Toronto-Dominion Bank’s chief executive Bharat Masrani, who got a mo.... More »
If you’re already feeling gouged by bank fees, it may be time to check your statements. Almost all of Canada’s big banks are doling out some kind of personal banking fee increase this year.
Get Started: Money, regulation are small business challenges
– canadianbusiness.com
MONEY, REGULATIONS CHALLENGE BUSINESSES, SURVEY FINDS
Small businesses are still struggling to get the money they need and to comply with government regulations, according to a survey by Babson College.
Company owners who took part in the survey said they’ve been able to get only about 40 per cent of the money they requested from all sources, including loans and investor funding. The nearly 1,900 survey participants sought a median amount of $100,000, but received only $40,500. The survey also found that banks are companies’ primary source of funding.
Finding money has long been difficult for small businesses, particularly young ones. However, getting loans has been even tougher since the recession because banks are extremely cautious about lending in general.
Businesses that seek funding are most likely to use it to supplement their cash flow or to buy real estate or equipment. Only about 8 per cent of the owners said they wanted money so they could hire more staffers — a finding that’s in line with other surveys that have shown owners are conservative about expanding their payrolls…
Small businesses are still struggling to get the money they need and to comply with government regulations, according to a survey by Babson College.
Company owners who took part in the survey said they’ve been able to get only about 40 per cent of the money they requested from all sources, including loans and investor funding. The nearly 1,900 survey participants sought a median amount of $100,000, but received only $40,500. The survey also found that banks are companies’ primary source of funding.
Finding money has long been difficult for small businesses, particularly young ones. However, getting loans has been even tougher since the recession because banks are extremely cautious about lending in general.
Businesses that seek funding are most likely to use it to supplement their cash flow or to buy real estate or equipment. Only about 8 per cent of the owners said they wanted money so they could hire more staffers — a finding that’s in line with other surveys that have shown owners are conservative about expanding their payrolls…
