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?
Latest News
Tech Giant Apple dipping its toe into the world of credit cards + MORE Mar 28th
This week tech giant Apple announced they are getting into the business of credit cards. Powered by MasterCard and Goldman Sachs, ‘Apple Card,’ is touted as “the most significant change in the credit card experience in 50 years” by Apple CEO Tim Cook. The tag line in the media release is .... More »
Monthly fee for identity theft protection? Not worth it + MORE Oct 5th
Canadians rattled by the massive Equifax data breach may turn to credit monitoring and anti-identify theft services for peace of mind, but in most cases they’ll be paying more for what is presently available for little or no cost, according to experts.
Consumers can already contact the two mai.... More »
Bank of Montreal CEO Bill Downe to retire in October; successor is Darryl White + MORE Apr 8th
After more than a decade at the helm, the Bank of Montreal’s Bill Downe has announced plans to retire as CEO on Oct. 31.
He will be succeeded by Darryl White, who is currently the bank’s (TSX:BMO) chief operating officer.
In a statement issued Friday, BMO chairman Robert Prichard highlig.... More »
How GIC interest rates work + MORE Aug 9th
Guaranteed investment certificates, or GICs for short, are low-risk investments offered by banks and other financial institutions. In exchange for committing your money for a term ranging from 30 days to 10 years, the bank will pay you a guaranteed rate of interest.
GICs are particularly safe bec.... More »
Is your chequing account working hard enough? Jan 13th
Your chequing account could be the behind-the-scenes hero of your everyday banking activities, if you have the right one. The features can vary from bank to bank and financial institution to financial institution, so it makes sense to shop around if you’re opening a new chequing account or you wan.... More »
The bad guys needed less than a month to shake down a 78-year-old for $50,000. Then the victim faced another threat: legal action by the big banks looking to collect in the money she lost.
Trump travel ban hits technology, tourism stocks
– canadianbusiness.com
U.S. stocks are falling Monday morning, following global stock indexes lower, as energy and technology companies take sharp losses. Airlines skidded after President Donald Trump ordered impose a travel ban on seven Muslim-majority countries, which lead to protests and disruption at airports. Banks and basic materials companies also fell, and energy companies declined with oil prices.
KEEPING SCORE: The Dow Jones industrial average fell 141 points, or 0.7 per cent, to 19,952 as of 10:18 a.m. Eastern time. The Standard & Poor’s 500 index lost 19 points, or 0.8 per cent, to 2,275. The Nasdaq composite dropped 70 points, or 1.2 per cent, to 5,590 after closing at an all-time high Friday.
TRUMP TRAVEL TROUBLE: Late Friday Trump signed an executive order that suspended the U.S. refugee program for 120 days and blocked travel to the U.S. by citizens of seven countries. The move, which is being challenged in court, triggered protests and confusion at U.S. airports, and airline stocks traded lower…
KEEPING SCORE: The Dow Jones industrial average fell 141 points, or 0.7 per cent, to 19,952 as of 10:18 a.m. Eastern time. The Standard & Poor’s 500 index lost 19 points, or 0.8 per cent, to 2,275. The Nasdaq composite dropped 70 points, or 1.2 per cent, to 5,590 after closing at an all-time high Friday.
TRUMP TRAVEL TROUBLE: Late Friday Trump signed an executive order that suspended the U.S. refugee program for 120 days and blocked travel to the U.S. by citizens of seven countries. The move, which is being challenged in court, triggered protests and confusion at U.S. airports, and airline stocks traded lower…
