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 30th
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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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The best GIC rates in Canada for 2024 Jun 20th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Why trust us
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Making sense of the markets this week: January 23 Jan 22nd
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
U.S. earnings season is in full swing
Earnings season is off and running. As always, the financials were battling to be the lead-off batter, as we look .... More »
Canada’s best balance transfer credit cards 2022 Nov 1st
If you carry a balance on a regular credit card, chances are you’re paying around 20% in interest. At that rate, it can become difficult to keep up with the payments and your debt can spike—fast. Moving your credit card debt to a balance transfer credit card can help you pay off the principal mo.... 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 »
Finance minister ‘overstepped’ by wading into central bank’s domain: expert
– canadianbusiness.com
OTTAWA – The federal finance minister raised eyebrows last week by publicly sharing his opinion on monetary policy — not necessarily because of his view on the matter, but because some believe he ventured too far onto the Bank of Canada’s turf.
In response to a reporter’s question, Joe Oliver said the policy measure known as quantitative easing was “not on the table” as a response to Canada’s ongoing economic downturn.
The comment has prompted questions about whether the territorial line between the Conservative government and the central bank has been blurred.
Technically, it’s Bank of Canada governor Stephen Poloz’s call whether to implement quantitative easing, where central banks buy government assets and other securities to boost the supply of money.
“I thought that Minister Oliver overstepped when ruling out (quantitative easing) because it’s not his decision,” said Ian Lee, an economics professor at Carleton University’s Sprott School of Business…
In response to a reporter’s question, Joe Oliver said the policy measure known as quantitative easing was “not on the table” as a response to Canada’s ongoing economic downturn.
The comment has prompted questions about whether the territorial line between the Conservative government and the central bank has been blurred.
Technically, it’s Bank of Canada governor Stephen Poloz’s call whether to implement quantitative easing, where central banks buy government assets and other securities to boost the supply of money.
“I thought that Minister Oliver overstepped when ruling out (quantitative easing) because it’s not his decision,” said Ian Lee, an economics professor at Carleton University’s Sprott School of Business…
Did Joe Oliver overstep?
– macleans.ca
Minister of Finance Joe Oliver delivers the federal budget in the House of Common on Parliament Hill in Ottawa on Tuesday, April 21, 2015. (Adrian Wyld/CP)
OTTAWA — The federal finance minister raised eyebrows last week by publicly sharing his opinion on monetary policy — not necessarily because of his view on the matter, but because some believe he ventured too far onto the Bank of Canada’s turf.
In response to a reporter’s question, Joe Oliver said the policy measure known as quantitative easing was “not on the table” as a response to Canada’s ongoing economic downturn.
The comment has prompted questions about whether the territorial line between the Conservative government and the central bank has been blurred.
Technically, it’s Bank of Canada governor Stephen Poloz’s call whether to implement quantitative easing, where central banks buy government assets and other securities to boost the supply of money.
“I thought that Minister Oliver overstepped when ruling out (quantitative easing) because it’s not his decision,” said Ian Lee, an economics professor at Carleton University’s Sprott School of Business…
Overlooking the Other Sources of Liquidity
– online.wsj.com
Banks have promoted a myth to preserve a competitive moat around what has been a very lucrative business.Investors say heed the lessons of Icarus as Nortel marks 15 years after peaking
– canadianbusiness.com
TORONTO – It was 15 years ago this month when Nortel Networks’ shares hit an all-time high of $124.50 on Toronto’s stock market.
The company’s sky-high stock made it by far Canada’s most valuable company at the time — with a market value that briefly surpassed any of the banks and resource companies listed on the Toronto Stock Exchange.
It didn’t last. A few months later, Nortel shares began a bumpy slide that resulted in a worthless stock and the bankruptcy breakup of what was once a global leader in telecommunications networks.
Even though Nortel is now long dead, industry veterans say that, human nature being what it is, most investors won’t learn from its boom and bust.
“I find in this business, people want to believe,” says Ross Healy, chairman of Strategic Analysis Corp., an investor advisory firm.
“People are mesmerized by rising stock prices. They don’t ask if this is coming to a limit. The longer it goes on, the more that they are convinced that it’s going to keep on going on…
The company’s sky-high stock made it by far Canada’s most valuable company at the time — with a market value that briefly surpassed any of the banks and resource companies listed on the Toronto Stock Exchange.
It didn’t last. A few months later, Nortel shares began a bumpy slide that resulted in a worthless stock and the bankruptcy breakup of what was once a global leader in telecommunications networks.
Even though Nortel is now long dead, industry veterans say that, human nature being what it is, most investors won’t learn from its boom and bust.
“I find in this business, people want to believe,” says Ross Healy, chairman of Strategic Analysis Corp., an investor advisory firm.
“People are mesmerized by rising stock prices. They don’t ask if this is coming to a limit. The longer it goes on, the more that they are convinced that it’s going to keep on going on…
