Learn more about Canada’s top banks rates, rules and the latest news – read on!
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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 »
The best GIC rates in Canada for 2025 + MORE Dec 29th
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The best high-interest savings accounts in Canada for 2025 + MORE Sep 2nd
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Worried about your credit rating? Avoid these 5 credit card mistakes + MORE Oct 26th
You don’t think about your credit rating opening doors for you—until it abruptly swings one shut. However, in order to appreciate what you could do differently to improve your credit rating, it helps to understand what exactly that is.
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Wise Review (formerly TransferWise): A Better Way to Conduct Foreign Exchange? May 14th
The high fees and bloated exchange rates incurred when sending and receiving foreign currency can be a bitter pill to swallow. This is especially true for anyone who has to send international money transfers regularly.
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Canadian bank earnings forecast bright but housing, NAFTA cloud outlook
– canadianbusiness.com
TORONTO _ The forecast for Canada’s biggest banks is bright thanks to U.S. tax reform and higher interest rates, but as they report first-quarter results this week, domestic mortgage demand and the North American Free Trade Agreement could cloud the long-term outlook, analysts say.
Earnings estimates for the 2018 fiscal year are being revised upwards by some analysts to account for the impending bump from recent interest rate hikes and a U.S. corporate tax cut from 35 per cent to 21 per cent that took effect on Jan. 1.
CIBC World Markets analyst Robert Sedran lifted the assumed average growth rate for the sector in fiscal 2018 from seven per cent to nine per cent, “turning what was already expected to be a good year into a better one.”
However, analysts say the impact of stricter rules surrounding uninsured mortgages as of Jan. 1 and tumultuous NAFTA negotiations will weigh on the Big Five banks.
“We believe short-term gains could fade shortly after earnings season as ‘the usual’ sector overhangs weigh on H1/18 performance, namely the housing market and NAFTA,” National Bank of Canada Financial Markets analyst Gabriel Dechaine told clients in a research note…
Earnings estimates for the 2018 fiscal year are being revised upwards by some analysts to account for the impending bump from recent interest rate hikes and a U.S. corporate tax cut from 35 per cent to 21 per cent that took effect on Jan. 1.
CIBC World Markets analyst Robert Sedran lifted the assumed average growth rate for the sector in fiscal 2018 from seven per cent to nine per cent, “turning what was already expected to be a good year into a better one.”
However, analysts say the impact of stricter rules surrounding uninsured mortgages as of Jan. 1 and tumultuous NAFTA negotiations will weigh on the Big Five banks.
“We believe short-term gains could fade shortly after earnings season as ‘the usual’ sector overhangs weigh on H1/18 performance, namely the housing market and NAFTA,” National Bank of Canada Financial Markets analyst Gabriel Dechaine told clients in a research note…
The forecast for Canada’s biggest banks is bright thanks to U.S. tax reform and higher interest rates, but as they report first-quarter results this week, domestic mortgage demand and the North American Free Trade Agreement could cloud the long-term outlook, analysts say.
