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?
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Computer Engineering Technology at Algonquin College Feb 2nd
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Maclean’s Education Hub »
(Dwayne Brown Studio/Algonquin College)
Algonquin College combines inno.... More »
The worst is yet to come for Canada's big banks and their energy loans Feb 26th
This week has given us the first peek at how Canada's big banks are faring in the world of low oil prices. Losses so far have been modest. But banks know that deeper losses are likely in the future..... More »
National Bank profit falls on hit from energy sector; boosts dividend + MORE Jun 1st
The smallest of Canada’s six big banks had announced in May that it would set aside $250-million to cover bad loans to the sector
.... More »
How Long Does an e-Transfer Take? Nov 4th
Interac e-Transfer has revolutionized how Canadians move money to each other, reducing the number of cheques written by the millions. But how long do e-Transfers take, and is there a way to speed up the process?
In this article, I explain why some e-Transfers are almost instant, and others can take .... More »
U.S. bank Wells Fargo to cap use of subprime auto loans + MORE Mar 3rd
One of the U.S. biggest banks, Wells Fargo, has said it will cap the amount of money it lends as subprime auto loans, according to the New York Times..... More »
How You Can Lose Your Home To Title Fraud
– ratesupermarket.ca
A few years ago, title fraud – previously unheard of – suddenly became a homeowner’s worst nightmare, as people discovered that their homes had been stolen from out beneath them. Fraudsters would steal a person’s identity, take out a new mortgage on a property, and then flee with the money. The homeowner would only find out something was wrong when collection agencies started calling about overdue payments on a mortgage they’d never asked for.
While statistically rare, mortgage fraud still happens. Here’s how to avoid it.
Prevent ID Theft
Title fraud begins with identity theft, so you should do everything you can to prevent it. The main thing to do is keep your private information private. Your employer is the only person you should trust with your social insurance number (SIN). Don’t use easy to decipher digits – such as your birth month and year or home address – as your PIN code for your bank and credit cards. Shred any financial records or documents before disposing of them…
