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.
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Credit Memo vs. Debit Memo: What’s the Difference? Apr 8th
If you pay close attention to your bank statements, you may notice an item labelled, “credit memo”, from time to time. But without more information, it’s hard to know what the credit memo is for; why you received extra money in your account. The same goes for “debit memos.” Businesses also.... More »
At the open: TSX flat as energy stocks fall, banks push higher + MORE Jan 18th
Strong China data cranks up pressure on bond markets
.... More »
Number of Canadians using fintech products may triple + MORE Jan 28th
TORONTO – Business consultancy firm EY says it believes the challenge to traditional banks from financial technology, or fintechs, will accelerate rapidly this year.
EY says that until now Canadians have been slow to embrace offerings from companies such as robo-advisers and online lenders.
Citing.... More »
The best GIC rates in Canada for 2024 May 24th
Investing
The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Find the best rate
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Researchers: Asian bank hacks may be linked to North Korea May 27th
NEW YORK, N.Y. – Cybersecurity researchers said North Korea might be connected to a recent attack that resulted in the theft of over $100 million from the Bangladeshi central bank and the attempted thefts of millions more from other Asian banks.
If the finding holds up, the attacks would amoun.... More »
CTV NewsAt midday: TSX falls as oil prices and loonie riseThe Globe and MailCanada's main stock index slipped on Thursday, as limited resource stock gains on the back of Middle Eastern violence were offset by broad pessimism about economic growth that affected banks, insurers, railways and others. Saudi Arabia and its allies …TSX opens higher, oil and loonie trade up, US markets lowerCTV NewsToronto opens higher, oil and loonie trade up, U.S. markets lowerWinnipeg Free Pressall 201 news articles »
Matt Dunham/APBank of Canada Governor Stephen Poloz addressed the Canada-United Kingdom Chamber of Commerce Thursday. What follows is a transcript of his prepared speech, titled ‘Central Bank Credibility and Policy Normalization’:
I am happy to be in the City and to have the opportunity to speak with you this afternoon. You can feel the pulse of the global financial system here, and it feels a bit like an irregular heartbeat to me.
The recovery from the Great Recession has been a long, drawn-out affair, with some countries emerging faster than others. Long-term interest rates are extremely low, well below central banks’ inflation targets. Financial market volatility has gone up across the board, as economies and policies diverge and the prospect of policy normalization becomes more real.
Today, I would like to consider what this all means for central bank credibility, which is something we should all care about. Do very low long-term interest rates and recent increases in financial market volatility represent an erosion of central bank credibility? It probably won’t come as a surprise to you that I would say no…
Stephen Poloz is defending his surprise January decision to cut the Bank of Canada’s key interest rate, saying there is no need for central banks to signal their moves ahead of time as economies return to normal.
CTV NewsAt midday: TSX falls as oil prices and loonie riseThe Globe and MailCanada's main stock index slipped on Thursday, as limited resource stock gains on the back of Middle Eastern violence were offset by broad pessimism about economic growth that affected banks, insurers, railways and others. Saudi Arabia and its allies …TSX opens higher, oil and loonie trade up, US markets lowerCTV NewsToronto opens higher, oil and loonie trade up, U.S. markets lowerWinnipeg Free Pressall 201 news articles »
