Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Watch: What is the mortgage stress test? Mar 3rd
If you’ve purchased a home in the last several years, or plan to buy one soon, there’s a good chance you’ve heard about the mortgage stress test. Since 2018, the stress test has served as a set of rules banks and lenders use to determine if you qualify for the mortgage you want. It’s possibl.... More »
Ex-Performance Sports chairman may bid for hockey gear maker Aug 24th
Graeme Roustan says he has hired investment banks Jefferies Group and Canaccord Genuity to explore a possible bid for the troubled maker of hockey gear
.... More »
Kerry's Peculiar Message About Iran for European Banks + MORE May 13th
Why is Washington pushing banks like mine to do what is still illegal for American banks?.... More »
EQ Bank review 2021 Apr 30th
Online-only banks are increasingly popular due to their competitive, no-fee accounts, in concert with the increasing switch to digital spurred by COVID-19. With some of the most competitive savings and GIC accounts in the country, EQ Bank is helping lead the charge.
As an online-only financial ins.... More »
Next question for the ECB: How much good will it do? + MORE Mar 10th
(Ralph Orlowski/Reuters)
Update: The ECB cut main interest rate to 0% and cut deposit rate to -0.4%.
FRANKFURT — How far will Mario Draghi and the European Central Bank go to boost inflation and a shaky economy?
Market participants are waiting for the bank rate decision and president’s news .... More »
China tries to reassure over economy at G20 meeting
– canadianbusiness.com
SHANGHAI – China’s premier has tried to quell anxiety about his slowing economy as officials at a global finance meeting called for governments to speed up job-creating reforms to stimulate slackening growth.
In a video message Friday at the meeting of finance ministers and central banks from the Group of 20 major economies, Premier Li Keqiang said Beijing has the tools and resources to combat downward pressure on growth.
Also Friday, the head of the International Monetary Fund, Christine Lagarde, called for faster action on reforms promised at a G-20 meeting in 2014. Germany’s finance minister ruled out taking part in a new joint stimulus effort. China’s central bank governor tried to defuse fears Beijing might devalue its yuan to boost exports.
With anxiety mounting over a global slowdown, companies and investors are looking to the meeting for reassurance and action. But the leaders have sought to squelch expectations it will produce specific growth plans. U.S…
In a video message Friday at the meeting of finance ministers and central banks from the Group of 20 major economies, Premier Li Keqiang said Beijing has the tools and resources to combat downward pressure on growth.
Also Friday, the head of the International Monetary Fund, Christine Lagarde, called for faster action on reforms promised at a G-20 meeting in 2014. Germany’s finance minister ruled out taking part in a new joint stimulus effort. China’s central bank governor tried to defuse fears Beijing might devalue its yuan to boost exports.
With anxiety mounting over a global slowdown, companies and investors are looking to the meeting for reassurance and action. But the leaders have sought to squelch expectations it will produce specific growth plans. U.S…
