Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best high-interest savings accounts in Canada for 2025 + MORE Jun 23rd
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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.
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Canadian Credit Card Companies Are Offering Relief to Customers Affected by COVID-19 + MORE Mar 24th
Early last week, the government announced a myriad of relief efforts, including immediate plans to extend the 2019 tax deadline for individuals to June 1, 2020. Following suit, major cities, including Toronto, granted extensions to grace periods for utility bill payments and launched measures for f.... More »
The best 5-year variable mortgage rates in Canada + MORE May 1st
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The best 5-year variable mortgage rates in Canada
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The 16 best credit cards in Canada for August 2023 + MORE Aug 16th
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The 16 best credit cards in Canada for August 2023
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Canada’s best travel credit cards 2022 Oct 15th
A good travel credit card can make your trip more affordable, more comfortable and even more secure. There are numerous cards to choose from, but you can get the best value by selecting one that pairs a strong earn rate for rewards or cash back along with perks like lounge access, travel credits or .... More »
How London man may have bluffed his way to riches and helped set off the 2010 ‘flash crash’
– canadianbusiness.com
NEW YORK, N.Y. – He operated from a modest suburban London home he shared with his parents, far from the city’s glamorous financial centre. He used off-the-shelf software anyone can buy.
Yet, if U.S. authorities are correct, Navinder Singh Sarao, 36, managed to send a jolt of fear through the world’s markets by helping to set off the 2010 “flash crash,” in which the Dow Jones average plunged 600 points in less than seven minutes.
Just how big a role he played has been hotly debated since the federal complaint was unsealed earlier this week, but the idea that a little-known investor had even a small part is deeply troubling, say traders and market experts.
“If this guy can do it,” asks finance professor James Angel of Georgetown University, “who else is doing it?”
In an age of rapidly advancing computer power, the fear is that it’s not just big banks and hedge funds that can create chaos on exchanges and wipe out the savings of millions of ordinary investors…
Yet, if U.S. authorities are correct, Navinder Singh Sarao, 36, managed to send a jolt of fear through the world’s markets by helping to set off the 2010 “flash crash,” in which the Dow Jones average plunged 600 points in less than seven minutes.
Just how big a role he played has been hotly debated since the federal complaint was unsealed earlier this week, but the idea that a little-known investor had even a small part is deeply troubling, say traders and market experts.
“If this guy can do it,” asks finance professor James Angel of Georgetown University, “who else is doing it?”
In an age of rapidly advancing computer power, the fear is that it’s not just big banks and hedge funds that can create chaos on exchanges and wipe out the savings of millions of ordinary investors…
