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
Canada’s big banks expected to report modest gains in earnings + MORE Nov 28th
The country’s stumbling energy sector, weak dollar and housing regulations all contributed to less-than-stellar outlook
.... More »
U.S. dollar shortages hit Qatar exchange houses as foreign banks scale back ties Jun 11th
Saudi Arabia, the UAE, Bahraini and Egyptian banks began scaling back business with Qatar last week after their governments cut diplomatic and transport ties, accusing Doha of supporting terrorism
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Worried about your credit rating? Avoid these 5 credit card mistakes + MORE Oct 26th
You don’t think about your credit rating opening doors for you—until it abruptly swings one shut. However, in order to appreciate what you could do differently to improve your credit rating, it helps to understand what exactly that is.
Find your next credit card*
See cards tailored for you fr.... More »
Toddler Sues US Over LGBT Discrimination After Twin Brother Is Given Citizenship and He Isn't - Newsweek + MORE Jan 24th
NewsweekToddler Sues US Over LGBT Discrimination After Twin Brother Is Given Citizenship and He Isn'tNewsweekA 16-month-old toddler has been named as a plaintiff in a federal lawsuit against the government after his twin brother was given U.S. citizenship and he wasn't, in what an LGBTQ gr.... More »
Making sense of the markets this week: May 29 May 28th
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
Banking on boring profits
Consistent, proven business models that take advantage of oligopolistic pricing power are often boring. They don’t .... More »
The close: TSX rises, led by financials and resource stocks
– theglobeandmail.com
Wall Street ends flat as banks gain, Apple drags
Excuse me, you bought what?
– moneysense.ca
(Illustration by Josh Holinaty)If the idea of negative interest rates sounds screwed up to you, it should. On the one hand we have central bankers in Europe and Japan lowering their lending rates into negative territory, which means they charge the major banks money just to hold their reserves overnight. (Think of it as a stick to incentivize the banks to stoke economic activity by lending that money to businesses and consumers instead.) On the other hand, we have bonds trading at negative yields, so investors who buy bonds are willing to pay $100 for the right to be paid back $98 later.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}Find the perfect mix of Canadian equities
So far, it’s a foreign thing; we do not have Canadian bonds trading at negative yields. Avery Shenfeld, CIBC World Market’s chief economist, says he doesn’t see bond yields going negative here unless the Bank of Canada takes its overnight lending rate negative…
