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
Best Canadian Renewable Energy Stocks: Earn More While Going Green Dec 13th
Stock investors look to new asset classes to diversify their portfolios while looking for new growth opportunities. For years, financials (banks) and energy companies like Enbridge or Canada Natural Resources have dominated the Canadian stock market. Lately, investors are paying more attention to co.... More »
The close: TSX rises and S&P 500 trades near its high - The Globe and Mail + MORE Aug 23rd
Financial PostThe close: TSX rises and S&P 500 trades near its highThe Globe and MailCanadian stocks rose as oil climbed while U.S. stocks traded near a record high after mixed data in the world's largest economy bolstered speculation the U.S. Federal Reserve will be in no rush to raise int.... More »
New mortgage rules sending borrowers to alternatives Feb 7th
TORONTO — Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada’s banking regulator imposed a new stress test for home buyers who don’t need mortgage insurance.
As a result, alternativ.... More »
United, Iberia airlines pull out of Nigeria; funds blocked Jun 8th
LAGOS, Nigeria – U.S. airline United and Spain’s Iberia are pulling out of Nigeria as the government is urged to release more than $600 million in air ticket sales blocked by the West African nation’s chronic foreign currency shortage.
The International Air Transport Association.... More »
Interest rate hike, new mortgage rules may trigger real estate market slowdown + MORE Jan 16th
TORONTO _ Canada’s real estate market will hit a slow patch in 2018 as tighter mortgage stress tests apply pressure and the impact could be exacerbated if an expected interest rate hike drives buyers to put off their home purchases, economists said Monday.
The Bank of Canada will make its firs.... More »
Fed’s Kashkari: More steps needed to prevent meltdown repeat
– canadianbusiness.com
WASHINGTON – A Federal Reserve official who played a key role in the government’s response to the 2008 financial crisis says the government should do more to prevent a repeat of that crisis, including considering whether the nation’s biggest banks need to be broken up.
Neel Kashkari, the president of the Fed’s Minneapolis regional bank, said Tuesday that while significant progress has been made to strengthen the financial system since the 2008 crisis, Congress did not go far enough in making changes.
“I believe the biggest banks are still too big to fail and continue to pose a significant, ongoing risk to our economy,” Kashkari said in a speech to a conference at the Brookings Institution.
Kashkari, as an adviser to then-Treasury Secretary Henry Paulson, was a key architect of the Bush administration’s effort to deal with the 2008 financial crisis. He served as the first head of the Troubled Asset Relief Program, the $700 billion bailout program that Congress created at the urging of the Bush administration…
Neel Kashkari, the president of the Fed’s Minneapolis regional bank, said Tuesday that while significant progress has been made to strengthen the financial system since the 2008 crisis, Congress did not go far enough in making changes.
“I believe the biggest banks are still too big to fail and continue to pose a significant, ongoing risk to our economy,” Kashkari said in a speech to a conference at the Brookings Institution.
Kashkari, as an adviser to then-Treasury Secretary Henry Paulson, was a key architect of the Bush administration’s effort to deal with the 2008 financial crisis. He served as the first head of the Troubled Asset Relief Program, the $700 billion bailout program that Congress created at the urging of the Bush administration…
Business Highlights
– canadianbusiness.com
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The Big Uh-Oh: Global economy shaky and cavalry may not come
WASHINGTON (AP) — Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way.
Sinking stock prices, flat inflation, and the bizarre phenomenon of negative interest rates have coupled with a downturn in emerging markets to raise worries that the economy is being stalked by threats that central banks may struggle to cope with. Meanwhile, commercial banks are again a source of concern, especially in Europe.
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Russia, Saudis tentatively offer to freeze oil output levels
DUBAI, United Arab Emirates (AP) — Oil powerhouses Russia and Saudi Arabia joined Qatar and Venezuela in pledging Tuesday to cap their crude output if other producers do the same, aiming to halt a slide that has pushed oil prices to their lowest point in more than a decade.
The decision followed an unexpected closed-door meeting involving the four countries in the Qatari capital, Doha, and reflects growing concern among big producers about the effects the slump poses to their domestic economies…
The Big Uh-Oh: Global economy shaky and cavalry may not come
WASHINGTON (AP) — Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way.
Sinking stock prices, flat inflation, and the bizarre phenomenon of negative interest rates have coupled with a downturn in emerging markets to raise worries that the economy is being stalked by threats that central banks may struggle to cope with. Meanwhile, commercial banks are again a source of concern, especially in Europe.
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Russia, Saudis tentatively offer to freeze oil output levels
DUBAI, United Arab Emirates (AP) — Oil powerhouses Russia and Saudi Arabia joined Qatar and Venezuela in pledging Tuesday to cap their crude output if other producers do the same, aiming to halt a slide that has pushed oil prices to their lowest point in more than a decade.
The decision followed an unexpected closed-door meeting involving the four countries in the Qatari capital, Doha, and reflects growing concern among big producers about the effects the slump poses to their domestic economies…
