Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best 5-year fixed mortgage rates in Canada May 26th
Mortgages
The best 5-year fixed mortgage rates in Canada
You’re 2 minutes away from getting the best mortgage rates in Canada. Just answer a few quick questions to get a personalized rate quote.
I’m buying a home*
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First half check-up Jul 17th
The first half of 2017 is in the history books. While the TSX only rose 0.74%, broader markets did very well. In Canadian dollar terms, the S&P 500 posted a gain of 5.68% for the first six months. Japanese equities increased 6.42% while European stocks returned 12.05%. Emerging markets topped th.... More »
CEOs of Canada's big banks expect Trump will be boost for U.S. operations + MORE Jan 10th
The CEOs of some of Canada's biggest banks say they're expecting to see their U.S. businesses get a boost from stronger economic growth south of the border as the new Donald Trump administration takes over..... More »
Oil pipeline opponents target energy companies’ financing, to mixed results May 14th
Efforts to persuade banks to stop supporting oil pipeline projects doesn’t seem to have hurt energy companies broadly, but activists say financial institutions are becoming more aware of Indigenous rights
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Streetwise newsletter: CIBC mulls offering Caribbean subsidiary; MTY strikes $248-million deal for Imvescor + MORE Dec 12th
Plus: New wealth management firm sets sights on Canada's big banks
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Do you need mortgage life insurance?
– moneysense.ca
Q: I am a single, 70-year-old with a reasonable mortgage of $115,000. I have no family and no dependants. I find that the life insurance on my mortgage is too expensive. Do I need mortgage life insurance anyway? What for?—KaterinaA: I’m glad that you noticed the life insurance you’re paying on your mortgage, Katerina. Many people don’t even know if their mortgage is insured or not in the first place. Click on your mortgage when online banking or check your most recent mortgage statement and you will most likely notice a reference to your mortgage being protected or insured or potentially not protected or not insured.
This insurance coverage is typically a combination of life insurance and disability insurance. In the event of death, the life insurance component of the policy pays off the outstanding mortgage. In the event of disability, the disability insurance component of the policy makes your regular payments.
Banks are prohibited from selling most types of insurance in their branches other than life and disability insurance on credit products…
How Would the Fed Raise Rates?
– online.wsj.com
With banks chock full of excess reserves, the federal-funds rate may prove useless as a tool to drain liquidity.Video: Tim Kiladze on why banks want more women on their boards
– theglobeandmail.com
Globe and Mail reporter Tim Kiladze joins Catherine Murray for his take on the latest earnings from the Bank of Nova Scotia and Bank of Montreal as well as the banks efforts to increase the number of women on their boards of directors
