Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Will Italy’s political drama spawn a new eurozone crisis? Dec 6th
LONDON – Italy is facing political upheaval after Premier Matteo Renzi said he’s resigning after a crushing defeat in a nationwide referendum. Investors, though used to political drama in Rome, are trying to gauge the impact on the country’s economy and the wider eurozone.
Some clo.... More »
Canadian Finance Minister Jim Flaherty resigns from cabinet + MORE Mar 19th
TORONTO - Longtime Canadian Finance Minister Jim Flaherty has resigned from his cabinet position.
Flaherty, who has had the job since 2006, said Tuesday he is returning to the private sector.
He has battled a rare skin disease over the last year but he says his decision to leave politics is not rel.... More »
TSX retreats 129 points, Wall Street sees red + MORE Mar 21st
Canada's main stock index fell as declines in banks, airlines and energy stocks dragged heavily on the market..... More »
Bank of Canada Keeps Rate Steady at 1.25%… But Increase is Imminent + MORE Apr 18th
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 »
Will Bank of Canada’s Poloz Pull a Draghi? + MORE Nov 12th
The central banks of Canada and Europe have shocked markets in recent weeks. Last month, the Bank of Canada abandoned its long-standing rate-hike signal. Whether it will follow the Mario Draghi-led European Central Bank and cut rates depends on how inflation pans out..... More »
Interac email money transfers are now working at all Canadian banks, following a week-long disruption.
Chinese, European central banks set up deal to exchange currencies, a sign of growing trade
– canadianbusiness.com
FRANKFURT – The European Central Bank and the People’s Bank of China have agreed to start supplying each other with their currencies — a sign of increasing trade and investment between the eurozone and China.
The currency swap agreement will last for three years and provide a maximum of 350 billion yuan ($56 billion) to the ECB and 45 billion euros ($60.8 billion) to the PBC.
The deal means the ECB can reassure banks in the 17-member eurozone that they can always borrow Chinese currency if they need it.
The ECB said in a statement Thursday that the deal will also help to ensure the stability of financial markets.
The post Chinese, European central banks set up deal to exchange currencies, a sign of growing trade appeared first on Canadian Business.
The currency swap agreement will last for three years and provide a maximum of 350 billion yuan ($56 billion) to the ECB and 45 billion euros ($60.8 billion) to the PBC.
The deal means the ECB can reassure banks in the 17-member eurozone that they can always borrow Chinese currency if they need it.
The ECB said in a statement Thursday that the deal will also help to ensure the stability of financial markets.
The post Chinese, European central banks set up deal to exchange currencies, a sign of growing trade appeared first on Canadian Business.
How Much Will A Travel Credit Card Save Me On A Trip?
– ratesupermarket.ca
Have an action packed October? You’re not alone – between Thanksgiving, Halloween and the full-force back-to-school slog, it’s natural to yearn for the laid back days of summer and crave a little R and R. But there’s good news for those frazzled by their fall schedules; November is the perfect time to take off for a warm weather getaway. This is the sweet spot between hurricane season and the holiday rush, resulting in steep discounts for hotels and airfare.
How Can I Save Even More On Travel?
Want to take an extra frugal approach to your well deserved getaway? Consider an extra purchasing power boost with a travel credit card. There are many options designed to offset travel costs with points earned over time – and some offer new customers huge point gifts upon signup to get you flying right away.
The best travel reward cards come free of booking and seasonal restrictions, and earn rewards effortlessly with everyday purchases. But when it comes to actually booking – and saving – on travel, how far will a travel rewards card take you?
The Card: Test Flying A Top Option
I decided to put one of the top market options to the test to see if I’d really score a discount on the following travel costs:
- Airfare and accommodation
- Baggage insurance
-Travel medical insurance
-Trip delay and cancellation insurance
- Car rental insurance
The card I chose for my trip – the Capital One Aspire Travel™ World MasterCard®…
