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
Review: TD Aeroplan Visa Infinite Card Oct 11th
If you’re looking for the ultimate travel rewards card, the TD Aeroplan® Visa Infinite Card is the ticket for your dream destination. First introduced back in 2014, the card can earn Aeroplan miles quickly, offers a number of VIP perks and offers a sweet sign-up bonus. And once you leave home, y.... More »
Investor fears converge on bank stocks as sell-off spreads + MORE Feb 12th
Banks have been under pressure as a result of loan exposure to the energy sector but now negative rates pose a new threat to profits
.... More »
Credit Card Code of Conduct: Changes Announced for Fees and Mobile Payments + MORE Apr 13th
Conservative Finance Minister Joe Oliver announced new updates to the Credit Card Code of Conduct today, emphasizing three main changes to come intended to better serve both consumers and small businesses.
Here’s our breakdown of the main highlights:
1: Credit Card Interchange Fee Caps To Take Ef.... More »
Canadian Banks' AT1s join selloff after Credit Suisse rescue - BNN Bloomberg + MORE Mar 20th
Canadian Banks' AT1s join selloff after Credit Suisse rescue BNN BloombergPosthaste: Three things to watch as the world teeters on the edge of a banking crisis Yahoo Canada FinanceCredit Suisse rescue eases crisis fears, First Republic shares dive The Globe and MailA.... More »
The Best Things to Buy In December + MORE Dec 10th
December is that time of year when mall parking lots get crowded and you spend hours frantically looking for the perfect gift. But luckily, it’s also a time of great deals on a wide spectrum of products. Retailers are competing over consumers’ holiday dollars and they’re offering sales on ite.... More »
CMHC Q1 Report Calls for Housing Market Slowdown
– ratesupermarket.ca
At the beginning of February, the Canada Mortgage and Housing Corporation released its first-quarter Housing Market Outlook report. The Crown agency’s updated national forecast predicts a stable to slightly declining housing market for this year and into 2016, a finding that’s echoed by economists at the country’s big banks.
Government Accountability
The CMHC looks at two factors when developing its outlook: the total number and sale price of resale homes, and the tally of “housing starts” (i.e. the number of new homes being constructed).
Based on Multiple Listing Service (MLS) stats, the total number of existing home sales will be stable for 2015 and 2016, with somewhere between 150,000 and 200,000 homes exchanging hands across the country. While the CMHC suggests there is “a modest amount of overvaluation at the national level,” overall, the price those homes sell for is expected to rise very modestly, by about 1.5 per cent, to a national average in the range of $384,000 to $428,000 in 2015…
CMHC Q1 Report Calls for Housing Market Slowdown
– ratesupermarket.ca
At the beginning of February, the Canada Mortgage and Housing Corporation released its first-quarter Housing Market Outlook report. The Crown agency’s updated national forecast predicts a stable to slightly declining housing market for this year and into 2016, a finding that’s echoed by economists at the country’s big banks.
Government Accountability
The CMHC looks at two factors when developing its outlook: the total number and sale price of resale homes, and the tally of “housing starts” (i.e. the number of new homes being constructed).
Based on Multiple Listing Service (MLS) stats, the total number of existing home sales will be stable for 2015 and 2016, with somewhere between 150,000 and 200,000 homes exchanging hands across the country. While the CMHC suggests there is “a modest amount of overvaluation at the national level,” overall, the price those homes sell for is expected to rise very modestly, by about 1.5 per cent, to a national average in the range of $384,000 to $428,000 in 2015…
