Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
Asian stocks rise again on stimulus hopes, yuan’s gain + MORE Feb 16th
HONG KONG – Asian stocks rose for a second day Tuesday as a strengthening yuan and hopes for more central bank stimulus gave investors relief from the mauling that markets have suffered so far this year.
KEEPING SCORE: Japan’s benchmark Nikkei 225 index added 0.2 per cent to 16,054.43 af.... More »
How London man may have bluffed his way to riches and helped set off the 2010 ‘flash crash’ Apr 26th
NEW YORK, N.Y. – He operated from a modest suburban London home he shared with his parents, far from the city’s glamorous financial centre. He used off-the-shelf software anyone can buy.
Yet, if U.S. authorities are correct, Navinder Singh Sarao, 36, managed to send a jolt of fear throug.... More »
Bank of Montreal cuts its five-year fixed mortgage rate to 4.79 per cent + MORE Jan 30th
TORONTO – The Bank of Montreal (TSX:BMO) has cut its five-year fixed mortgage rate by 20 basis points to 4.79 per cent.
The bank has also changed a number of its other fixed mortgage rates, including its low- rate five-year mortgage, which also went down 20 basis points to 3.09 per cent.
The r.... More »
In the coming credit crisis, some Canadian banks will take a harder hit + MORE Aug 26th
The differences in how each bank has been lending will impact how they handle the bust
.... More »
Banks’ bad behaviour won’t change until executives do the perp walk + MORE Nov 14th
Unless senior executives are put on criminal trial or, at a minimum, marched out the door in shame, rid of their lavish bonuses and corporate golf-club memberships, the rotten culture of the banks will not change
.... More »
One of the world’s leading investment banks says the price of the North American oil benchmark is going to fall even further, to $70 a barrel by next spring.
U.S. crude falls to 28-month low, Brent slides as Goldman cuts forecast
– theglobeandmail.com
Goldman Sachs joins other banks in lowering price forecasts amid concern supplies are outpacing demand
MasterCard Introduces Thumbprint Credit Card Technology
– ratesupermarket.ca
In the ongoing efforts to thwart credit card fraud, those rectangular pieces of plastic we all carry in our wallets are about to take a futuristic leap in security measures: MasterCard recently unveiled the world’s first bio-metric credit card, which uses the cardholder’s thumbprint to verify their identity.
Also read: The Top 5 MasterCards in Canada>
European Advancements in Security
European banks have long been at the forefront in introducing new security measures for credit and debit cards. While “chip and pin” technology is now ubiquitous across Canada, I first saw it in action in France more than a decade ago. After a meal on a Parisian patio with friends who lived there, I watched in amazement as the husband punched his PIN into a wireless device and paid for the tab from the table. It was five or more years later when I finally had the same experience at home.
Those PIN-enabled cards have more recently given way to contactless cards that you simply tap onto the swipe machines at the cash register…
MasterCard Introduces Thumbprint Credit Card Technology
– ratesupermarket.ca
In the ongoing efforts to thwart credit card fraud, those rectangular pieces of plastic we all carry in our wallets are about to take a futuristic leap in security measures: MasterCard recently unveiled the world’s first bio-metric credit card, which uses the cardholder’s thumbprint to verify their identity.
Also read: The Top 5 MasterCards in Canada>
European Advancements in Security
European banks have long been at the forefront in introducing new security measures for credit and debit cards. While “chip and pin” technology is now ubiquitous across Canada, I first saw it in action in France more than a decade ago. After a meal on a Parisian patio with friends who lived there, I watched in amazement as the husband punched his PIN into a wireless device and paid for the tab from the table. It was five or more years later when I finally had the same experience at home.
Those PIN-enabled cards have more recently given way to contactless cards that you simply tap onto the swipe machines at the cash register…
Europe Stresses the Positive
– online.wsj.com
Banks can’t lend more if there aren’t more borrowers.
