Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
TD Bank Q3 2018 Earnings Aug 31st
The Globe and Mail, James Bradshaw, 30 August 2018
At TD, earnings from Canadian retail banking rose 7 per cent in the third quarter, to $1.85-billion. But profit from its extensive U.S. footprint rose 27 per cent, to $1.14-billion.
Toronto-Dominion Bank reported a 12-per-cent bump in third-quarte.... More »
The best credit cards for newcomers to Canada for 2024 + MORE Jul 2nd
Credit Cards
The best credit cards for newcomers to Canada for 2024
As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more.
.... More »
Bank of Montreal boosts dividend, reports $1.25B quarterly profit May 31st
The Bank of Montreal joined its peers in delivering second-quarter profits that beat expectations as Canada's Big Five banks earned a collective $10.6 billion — up nearly 11 per cent from a year ago..... More »
BMO financing deal with Canopy Growth marks policy shift for Canadian banks Jan 19th
Canopy Growth, Canada's largest licensed pot producer, announced the $175-million deal with BMO and GMP Securities on Wednesday..... More »
Bank of Montreal to open new ‘urban campus’ at the Toronto Eaton Centre + MORE Mar 1st
TORONTO _ The Bank of Montreal is taking over a four-storey space in the Toronto Eaton Centre in a bid to attract the high-tech talent it needs to bring ideas to the market quicker.
The bank’s plans, unveiled on Thursday, include an “urban campus” that will take over a portion of S.... More »
Is Your Credit Score Mortgage Ready?
– ratesupermarket.ca
May and June are the busiest months for real estate in Canada – and that means home buyers are currently out in full force. It also means many prospective buyers are visiting their lenders, and asking for mortgage financing for their new dream home purchase. However, a new BMO study finds they may be in for a surprise – more than half of Canadians haven’t checked their score prior to their application, and may be blindsided by their credit standing. As banks base their decision on how much money you’ll receive on your credit score and report, some buyers may find they don’t make the credit-worthiness cut.
Here are a few tips for avoiding credit score disappointment when applying for your mortgage.
Also read: Is Closing a Credit Card Bad For Your Credit Score?>
Start Planning Early
It may be too late for the buyers already knocking on bank doors – but for those considering buying a home in the near future, it’s smart to start investigating your credit situation now, and ways to improve it…
If you may be the victim of a data breach, here’s how to limit the damage and protect yourself
– canadianbusiness.com
The entire U.S. federal workforce may be at risk after yet another intrusion from what security experts believe were hackers based in China. The Department of Homeland Security says that data from the Office of Personnel Management — the human resources department for the federal government — and the Interior Department has been infiltrated.
It is not the first and it follows massive data breaches at health insurance companies, major U.S. banks like JPMorgan and retailers such as Target and Home Depot.
Here’s what to do if you think you’ve been compromised.
FIRST THINGS FIRST
— Notify the credit agencies (Equifax, Experian, TransUnion) and request a 90-day credit alert. (Each reporting agency is supposed to notify the others, but you may want to contact all three yourself.) The alert tells businesses to contact you before opening any new accounts in your name. You can renew the alert every 90 days, or you’re entitled to keep it in effect for seven years if you find that your identity is stolen and file a report with police…
It is not the first and it follows massive data breaches at health insurance companies, major U.S. banks like JPMorgan and retailers such as Target and Home Depot.
Here’s what to do if you think you’ve been compromised.
FIRST THINGS FIRST
— Notify the credit agencies (Equifax, Experian, TransUnion) and request a 90-day credit alert. (Each reporting agency is supposed to notify the others, but you may want to contact all three yourself.) The alert tells businesses to contact you before opening any new accounts in your name. You can renew the alert every 90 days, or you’re entitled to keep it in effect for seven years if you find that your identity is stolen and file a report with police…
Is Your Credit Score Mortgage Ready?
– ratesupermarket.ca
May and June are the busiest months for real estate in Canada – and that means home buyers are currently out in full force. It also means many prospective buyers are visiting their lenders, and asking for mortgage financing for their new dream home purchase. However, a new BMO study finds they may be in for a surprise – more than half of Canadians haven’t checked their score prior to their application, and may be blindsided by their credit standing. As banks base their decision on how much money you’ll receive on your credit score and report, some buyers may find they don’t make the credit-worthiness cut.
Here are a few tips for avoiding credit score disappointment when applying for your mortgage.
Also read: Is Closing a Credit Card Bad For Your Credit Score?>
Start Planning Early
It may be too late for the buyers already knocking on bank doors – but for those considering buying a home in the near future, it’s smart to start investigating your credit situation now, and ways to improve it…
