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?
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The best 5-year fixed mortgage rates in Canada Jun 8th
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The best 5-year fixed mortgage rates in Canada
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The best high-interest savings accounts in Canada for 2026 + MORE Mar 16th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Your Cyber Monday and Black Friday Guide in Canada 2013 Nov 28th
Cyber Monday and Black Friday have long been American shopping traditions, and the unofficial kick off for the holiday spending season. Over the past few years, these massive savings have been making their way north of the border, with Canadian retailers offering their own Black Friday Cyber Monday.... More »
Business New Year’s Resolutions: Unlock bold new sources of capital Dec 29th
(Illustration by Katie Carey)
This article is part of our series on New Year’s Resolutions for Small Business. Read them all here.
Securing capital from traditional sources such as banks can be tricky for small businesses, especially if a company doesn’t have a long earnings history or sufficie.... More »
The best charities to donate to for impact in Canada for 2023 Nov 8th
“Return on investment.” It’s a phrase many Canadians are familiar with in terms of business decisions and investment portfolios. But it’s not necessarily top of mind when people choose a charity to donate to. And that’s understandable. Canadians support charities for a lot of different rea.... More »
ECB efforts include rate cuts, bond purchase offer, cheap loans, new communication style
– canadianbusiness.com
FRANKFURT – The European Central Bank on Thursday cuts its main interest rate by a quarter point to 0.25 per cent, a record low, to help the economic recovery.
The ECB is the issuer of the euro currency and serves as the top monetary authority for the eurozone and its 331 million people. The bank and its president, Mario Draghi, have played a key role in fighting the government debt crisis afflicting the 17 European Union member countries that use the euro.
Some of the key steps the ECB has taken:
LOWER INTEREST RATES: The ECB has cut its key interest rate five times since Draghi become president. Before Thursday’s cut, it last reduced rates in May. It also then cut the rate it pays banks for deposits to zero — a push for them to lend rather than hoard money.
The refinancing rate is what the bank charges on the credit it offers to eurozone banks and thereby influences interest rates on the loans banks provide to each other, businesses and consumers. Theoretically, a lower rate makes it cheaper to borrow money and expand a business…
The ECB is the issuer of the euro currency and serves as the top monetary authority for the eurozone and its 331 million people. The bank and its president, Mario Draghi, have played a key role in fighting the government debt crisis afflicting the 17 European Union member countries that use the euro.
Some of the key steps the ECB has taken:
LOWER INTEREST RATES: The ECB has cut its key interest rate five times since Draghi become president. Before Thursday’s cut, it last reduced rates in May. It also then cut the rate it pays banks for deposits to zero — a push for them to lend rather than hoard money.
The refinancing rate is what the bank charges on the credit it offers to eurozone banks and thereby influences interest rates on the loans banks provide to each other, businesses and consumers. Theoretically, a lower rate makes it cheaper to borrow money and expand a business…
Cyber 'war games' to test London banks’ response
– theglobeandmail.com
Simulated attack Nov. 12 will test their ability to deal with online attacks that could hit stock exchanges
