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
US MBS Selloff – The Canadian Impact + MORE Apr 14th
In 2008, when the housing crisis in the U.S. was threatening to bring down the global economy, one of the moves the U.S. government made to temper the damage was to buy up an unprecedented $1.25-trillion worth of mortgage-backed securities (MBS). The taxpayers footed the bill for the purchase, whic.... More »
Credit Card Interchange Fees: The Impact in Other Countries Mar 31st
Last November, it was announced that MasterCard and Visa will reduce credit card interchange fees to an average of 1.5 per cent, to take effect this April. The fees, which are paid by merchants to issuing credit card lenders on each credit card transaction, have long been a point of contention amon.... More »
Planning a Trip or Cruise? Best Travel Tips for More Money May 22nd
Want to save money on your cruise? Want to know how to save big on your next vacation? If you’re spending cash-only for your cruise, hotel and rental car, you might be missing out. There are lots of travel tips and cash reward perks you can take advantage of to stretch your dollars fur.... More »
The close: TSX ends lower as banks, miners weigh + MORE Dec 5th
S&P falls for third session as tech rebound wilts
.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Oct 27th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Advertisement
Why trust us
MoneySense is an.... More »
Shares in Greek banks move sharply after stress tests identify capital needs
– canadianbusiness.com
LONDON – Greek banks have seen their share prices swing sharply, a day after the country’s central bank said they need to raise billions of euros to plug holes in their finances.
Late Thursday, the Bank of Greece said the sector needs to raise 6.4 billion euros ($2.3 billion).
Piraeus Bank, Greece’s biggest bank by market value, saw its share price fall 5 per cent Friday after it said it is planning to raise 1.75 billion euros in new shares.
Eurobank saw its share price fall the same rate after it said it was looking to raise 2.95 billion euros. However, National Bank of Greece saw its share price rise 1.5 per cent as it said it won’t raise money to meet the 2.2 billion-euro hole estimated by the Bank of Greece.
The post Shares in Greek banks move sharply after stress tests identify capital needs appeared first on Canadian Business.
Late Thursday, the Bank of Greece said the sector needs to raise 6.4 billion euros ($2.3 billion).
Piraeus Bank, Greece’s biggest bank by market value, saw its share price fall 5 per cent Friday after it said it is planning to raise 1.75 billion euros in new shares.
Eurobank saw its share price fall the same rate after it said it was looking to raise 2.95 billion euros. However, National Bank of Greece saw its share price rise 1.5 per cent as it said it won’t raise money to meet the 2.2 billion-euro hole estimated by the Bank of Greece.
The post Shares in Greek banks move sharply after stress tests identify capital needs appeared first on Canadian Business.
Garry Kasparov: Cut Off the Russian Oligarchs and They'll Dump Putin
– online.wsj.com
Target their assets abroad, their mansions and IPOs in London, their yachts. Use banks, not tanks.
