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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The best bank accounts for students in Canada 2020 Apr 10th
Table of contents
The best bank accounts for students in Canada
The best online bank accounts for students in Canada
What is a student bank account?
What do you need to open a student bank account?
How to choose the best student bank account for you
With the cost of tuition and books—not t.... More »
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 »
2015 Retirement 100: All Stars + MORE Oct 8th
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Economists slash growth forecasts in meeting with Morneau Feb 13th
The average 2016 growth forecast among Canada’s big banks is just 1.2 per cent, far short of the 2-per-cent consensus in the November update
.... More »
How 25 Canadian websites looked in the Internet’s early days + MORE Aug 2nd
In December 1990 the world’s first website went online. Within the next six to eight years, a number of Canadian companies and government agencies made their first foray onto what everybody at the time was still calling the Information Superhighway.
Those early and rudimentary web pages ha.... More »
Mobile payments will be the biggest tech trend in 2015
– moneysense.ca
(Getty Images)TORONTO – More Canadians will be reaching for their cellphones instead of their wallets to pay for purchases this year, predicts a report by global professional services firm Deloitte.
The report, released Tuesday, sees 2015 as a “tipping point” for retailers, banks and telecom companies to adopt the technology, which allows consumers to make relatively small payments within seconds with their smartphones.
Duncan Stewart, a director at Deloitte Canada, said there now are more phone models with the technology, called near field communication, and more retail locations that can accept the payments.
The familiarity Canadians already have with using credit cards to tap and pay, whether in a coffee shop or at the drugstore, will make it easier for consumers to transition to using the same technology with their smartphone.
“They think: ‘If I’m doing it with my credit card, why not do it with my phone? It’s basically the same,” said Stewart.
Deloitte’s annual report named smartphone mobile payments as its top technology trend of 2015 — beating out other emerging trends such as 3D printers, click-and-collect retail locations and the Internet of Things — a term used to describe devices that communicate with each other…
Oil-price collapse to keep Harper government in deficit: TD report
– canadianbusiness.com
OTTAWA – One of Canada’s biggest banks says sliding oil prices could turn the federal government’s promised 2015-16 surplus into a deficit.
A report by TD Bank is projecting Ottawa to run a $2.3-billion shortfall next fiscal year rather than the $1.6-billion surplus predicted by the government in November — before oil prices fell further.
The bank also says the government’s $4.3-billion surplus projection for 2016-17 is on track to become a $600-million deficit unless new revenue-generating or cost-cutting measures are introduced.
TD, however, says the deficit estimates are still smaller than the government’s $3-billion reserve set aside for contingencies — which would help keep Ottawa in surplus territory.
Prime Minister Stephen Harper has promised his government will balance the books in 2015-16 despite tumbling oil prices.
The Bank of Canada is scheduled to address the economic impact of falling oil prices in a speech by deputy governor Timothy Lane…
A report by TD Bank is projecting Ottawa to run a $2.3-billion shortfall next fiscal year rather than the $1.6-billion surplus predicted by the government in November — before oil prices fell further.
The bank also says the government’s $4.3-billion surplus projection for 2016-17 is on track to become a $600-million deficit unless new revenue-generating or cost-cutting measures are introduced.
TD, however, says the deficit estimates are still smaller than the government’s $3-billion reserve set aside for contingencies — which would help keep Ottawa in surplus territory.
Prime Minister Stephen Harper has promised his government will balance the books in 2015-16 despite tumbling oil prices.
The Bank of Canada is scheduled to address the economic impact of falling oil prices in a speech by deputy governor Timothy Lane…
Interchange Fee Cut: A New Reality for your Credit Card Rewards?
– ratesupermarket.ca
Are your credit card rewards in for a cutback?
Last November, it was announced that Canada would be the latest nation to cap credit card interchange fees. The fees, which are behind-the-scene charges paid by merchants to credit card issuers every time a card is used in a transaction, will be capped at an average of 1.5 per cent for five years, to go into effect this coming April.
The reduction is meant to benefit both retailers, who will pay less for the ability to offer credit card payment, and consumers who will theoretically enjoy lower prices passed down from retailers’ savings.
However, the precedent set in other countries with fee caps paints a different picture: interchange fee reduction efforts have been criticized in both Australia and Spain for resulting in reduced credit card benefits and higher fees. And, as the deadline approaches to implement the changes in Canada, questions arise as to whether cardholders here will see their rewards credit card offerings shrink in size and quality…
