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
Bailouts Shouldn't Be Only for Banks + MORE Sep 14th
The government’s failure to help homeowners after the 2008 crisis fueled populist anger at finance..... More »
How to invest in cryptocurrency (without losing your shirt) Jan 29th
I have until now not written about the ongoing cryptocurrency boom—but, given the spectacular rise of bitcoin in the last few months, and last week’s subsequent correction, decided it was time.
Upfront, I should disclose I personally started to dabble in this asset class for the first time in th.... More »
New law proposed to shift bank failure risk from taxpayers Mar 23rd
Canada will introduce legislation to implement a "bail-in" regime for systemically important banks that would shift some of the responsibility for propping up failing institutions to creditors..... More »
Bank fees: Everything you need to know before switching to a no-fee account Jul 29th
With the recent news that bank fees have increased during the pandemic and challenger banks like Neo Financial promising no fees on accounts, switching banks may be at the forefront of your mind. But having a good understanding of bank fees—what they are, how they’re determined and the kind of s.... More »
Introducing KOHO, a unique financial service app Aug 17th
Nowadays, consumers can shop around for the low- or no-fee accounts, competitive interest rates, and additional features they want. And banks aren’t the only ones delivering financial services to Canadians. Fintechs, which integrate technologies into the financial sector, have empowered developers.... More »
Greece takes reform proposals to negotiating table; gov’t suffered dissent in parliament vote
– canadianbusiness.com
ATHENS, Greece – Greece’s negotiators head to Brussels on Saturday armed with their reform proposals and parliamentary backing to seek a third bailout, but with the shadow of severe dissent from governing lawmakers hanging over them.
Finance Minister Euclid Tsakalotos was to meet with his 18 colleagues from the other eurozone countries Saturday afternoon to discuss the Greek proposals, which contain tax hikes and deep spending cuts, including on pensions, that the six-month-old left-wing government had so far resisted.
Without a deal Greece, already desperately low on cash, its banks shut for the past two weeks and its population restricted on cash withdrawals, risks crashing out of Europe’s joint currency, the euro. It would be the first country to do so, and the consequences for the country and global markets would be unpredictable.
The austerity measures Prime Minister Alexis Tsipras’ government is proposing are so far from his radical left Syriza party’s policies that he suffered severe dissent in a late-night parliamentary debate that culminated in a 3:30 a…
Finance Minister Euclid Tsakalotos was to meet with his 18 colleagues from the other eurozone countries Saturday afternoon to discuss the Greek proposals, which contain tax hikes and deep spending cuts, including on pensions, that the six-month-old left-wing government had so far resisted.
Without a deal Greece, already desperately low on cash, its banks shut for the past two weeks and its population restricted on cash withdrawals, risks crashing out of Europe’s joint currency, the euro. It would be the first country to do so, and the consequences for the country and global markets would be unpredictable.
The austerity measures Prime Minister Alexis Tsipras’ government is proposing are so far from his radical left Syriza party’s policies that he suffered severe dissent in a late-night parliamentary debate that culminated in a 3:30 a…
