Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Looking for a mortgage in B.C.? Don’t limit your options to the big banks May 28th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
Planswell Review: Free Financial Planning for Canadians Jul 22nd
These are exciting times to be a Canadian investor. In just a few years, advances in FinTech and AI have given Canadians at all income levels access to an array of financial products and services that are both convenient and affordable. It’s no wonder that traffic walking into the big banks is slo.... More »
Credit vs. Debit: Know the Differences + MORE Dec 1st
By: Barry Choi
We all carry credit and debit cards in our wallets, but when it comes time to pay, which one you reach for for can leave an impact in a few different ways. Which option you choose is ultimately up to you, but it’s important to understand what goes on behind the scenes since debit a.... More »
Durbin's Debit-Card Price Controls Hit the Poor Hardest May 2nd
Limits on fees lead banks to charge the poor more for other services—or to stop offering them at all..... More »
Business Highlights + MORE Feb 9th
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Companies lose billions buying back their own stock
NEW YORK (AP) — If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what’s going on inside businesses than anyone else: companies that buy .... More »
Central bank policies are diverging. Here’s where to invest now
– canadianbusiness.com
Foreign exchange desks like this one in Tokyo have been busy lately, and it can mean opportunity. (Yuya Shino/Reuters)Investors had reason to be surprised by the Bank of Canada’s Jan. 21 interest rate cut. Not only was it not telegraphed beforehand, but most experts figured rates would climb this year, after the U.S. Federal Reserve raised its rates. But as anybody paying attention to what’s been going on overseas knows, the days of central banks operating in concert are gone.
While the Fed, the world’s most important central bank, ended its stimulus program last fall and is expected to finally start raising rates from their historic lows this year, the eurozone and Japan are just initiating quantitative easing (QE) programs. Meanwhile, Canada may cut its rate again. Switzerland’s central bank shocked markets by removing its currency’s peg to the euro. “It sure is fascinating,” says Eric Lascelles, chief economist at RBC Global Asset Management, especially after the relative harmony of different nations’ monetary policies following the Great Recession…
