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
Scotiabank walks away from consumer dispute watchdog OBSI Sep 8th
The Bank of Nova Scotia will no longer use an independent banking watchdog to mediate disputes with its customers, leaving just two of Canada's five big banks under the umbrella of the agency known as OBSI..... More »
Is Your Credit Score Mortgage Ready? + MORE Mar 28th
May and June are the busiest months for real estate in Canada – and that means home buyers will soon be out in full force. It also means many prospective buyers are visiting their lenders, and asking for mortgage financing for their new dream home purchase. However, a new BMO study finds the.... More »
As Expected: Bank of Canada Maintains 1% Overnight Rate + MORE Dec 6th
In its last announcement for the year, the Bank of Canada revealed it is leaving its benchmark interest rate unchanged at one per cent. This comes after the Bank raised rates twice in 2017 – once by a quarter point in July and again by a quarter point in September.
None of the big five banks ha.... More »
What would a central bank digital currency mean for Canada? We ask 5 experts Jul 11th
Canadians have long embraced digital transactions. We make purchases, pay bills and transfer money to people around the world with the tap of a card or the click of a button—every single day. We do all of this using regular, government-backed Canadian dollars.
Yet the Bank of Canada (BoC) is ac.... More »
Why Hollywood Celebrities Are Petitioning Against a Canadian Bank Mar 23rd
Royal Bank of Canada’s financial support for the Coastal GasLink pipeline is generating some star-studded opposition.
More than 65 celebrities, including award-winning actors, directors and musicians, have joined Indigenous climate activists in signing a petition calling on RBC and its subsidia.... More »
The world’s central banks will navigate three defining cross-currents in 2015: A Federal Reserve that has grown more confident about the prospects for the U.S. economy; troubling doubts about growth in the world’s other large economies; and an oil price drop that will make it difficult to read which way inflation trends are moving.
