Learn more about Canada’s top banks rates, rules and the latest news – read on!
As widely expected, the Bank of Canada decided to keep its key interest rate at 1.25 per cent. This is the second announcement in a row where interest rates have been kept steady this year, after Bank of Canada Governor Stephen Poloz kicked off 2018 with a quarter-point hike. New forecasts from the.... More »
CBC.caCity of Mission builds temporary dike in anticipation of floodingCBC.caAlong the banks of the Fraser River, staff from the City of Mission, B.C. are building temporary dikes in anticipation of potential flooding. With the temporary structure in place, the water level would have to rise by more.... More »
If you bank with BMO or CIBC’s Simplii Financial, your account may have been compromised. On Monday, both banks started to alert clients that “fraudsters” may have accessed sensitive account information. Simplii reported that up to 40,000 of their customers may have been affected while BMO de.... More »
TORONTO _ The chief executives of Canada’s five biggest banks collectively earned roughly $53.6 million in the latest fiscal year, up more than seven per cent from a year earlier. But it was a particularly good year for Toronto-Dominion Bank’s chief executive Bharat Masrani, who got a mo.... More »
We have recent British legislation to thank for providing a glimpse into the grim reality that Canadian banks operating across the pond have a big gendered wage gap. UK data, compiled this week by Bloomberg News, summons more evidence, as if more is required, that transparency, both legislatively an.... 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.