Learn more about Canada’s top banks rates, rules and the latest news – read on!
TORONTO —Robo-adviser Wealthsimple is hoping to lure clients away from traditional financial institutions by launching a savings account with a premium interest rate. The Smart Savings account, launched in Canada and the U.S. on Thursday, will offer a 1.7 per cent interest rate north of the border.... More »
The Financial Consumer Agency of Canada has got the green light to probe how banking customer complaints are handled internally and by external complaint bodies..... More »
Paying off high-interest credit card debt should be a top priority — even if the big banks' decision to raise their prime rates doesn't directly impact credit card rates, says a credit counselling expert..... More »
Rating agency Moody's raised its credit ratings outlook on Canada's major banks on Tuesday, just over 14 months after it lowered the ratings citing high debt levels and soaring house prices..... More »
Canadians had 28 per cent more gripes about their banks last year than they did in 2016, according to a new report from the ombudsman overseeing the industry, with bogus credit card charges a particular thorn in the side of many customers..... More »
Home Capital Group Inc. believes early results from this year suggest that mortgage business may be migrating to the alternative lender after the federal banking regulator introduced tougher rules for uninsured mortgages at the beginning of the year — even though it too is required to abide by the requirements.